Tithit announced a partnership with the Ton Foundation to launch an omniced version of its Gold Stabecrim XAUT (XAUT) on the open network (ton) in an attempt to expand the tokens into an ecosystem with the ton foundation.
The new token, “Xaut0”, was built on the omnichane funk token standard of Laijero, which allows the tokens to be transferred through a blockchain without wrapping or midlchan.
XAUT is the largest gold stabelcoin by the non-omnichain version of tokens, more than $ 832 million by market capitalization, According For coingecko. It is closely closely by Paxos’ PACS Gold (PAXG), which holds a market cap of $ 811 million until 2 June. Xaut is available only on Etreum Blockchain.
Tathar has more than 7.7 tonnes of physical gold that supports Xaut Stablecoin, According For the company’s Q1 2025 verification report. Each Xaut token represents a troy ounces of global property, which is allegedly being stored in a Swiss vault.
The XAUT0 can mimic the rollout of the tether’s USDT0, a crosschain dollar-supported stabelcoin has been deployed in a superchen of optimism, a ecosystem that contains at least eight blockchains. The USDT0, the company’s dollar-supported Stabeloin, is a bridged token of Tedhar’s USDT (USDT).
Titu also deployed USDT on tonnes of blockchain in April 2024.
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Gold is supported by economic uncertainty
Gold is considered a safe-heaven property and in 2025, has experienced a widespread praise in the price due to economic uncertainty, especially due to the ongoing global trade wars.
gold price Was On May 30, $ 3,304 an ounce, a year ago by $ 2,327 – a leap of 29.5% in 12 months. In addition, the Gold Exchange-Treded Fund (ETF) have experienced With eight top funds by the total assets that experience an increase of more than 25%, the year-by-year significant benefits.
Gold ETF is a popular way to trade property. The Tether’s omnichen gold tokens will compete with similar ETFs and other traditional gold investment devices.
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