Deep Dive
1. Omnichain Upgrade via XAUt0 (2 June 2025)
Overview: XAUt0 introduced cross-chain functionality using LayerZero’s OFT standard, allowing Tether Gold to move between Ethereum, TON, and other networks without wrapped tokens or bridges.
This upgrade lets users transfer gold-backed tokens natively across chains while maintaining 1:1 backing by physical gold in Swiss vaults. It resolves liquidity fragmentation by unifying XAUt’s presence on multiple chains under a single collateral pool.
What this means: This is bullish for XAUt because it simplifies DeFi participation (e.g., lending, arbitrage) across ecosystems while retaining gold’s inflation resistance. Users gain borderless access without compromising auditability.
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2. TON Blockchain Integration (3 June 2025)
Overview: XAUt0’s first deployment targeted TON, enabling Telegram’s 900M+ users to access gold via in-app Wallet.
The integration leverages TON’s social scalability, allowing users to buy, send, or redeem XAUt0 directly within Telegram. Smart contracts ensure compliance with LBMA gold standards and Swiss custodial laws.
What this means: This is neutral for XAUt as it expands reach but introduces dependency on TON’s ecosystem growth. Retail users benefit from frictionless exposure to gold in a messaging app.
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3. Security Audits & Bug Bounties (10 June 2025)
Overview: LayerZero’s dual decentralized validator networks (DVNs) and audits by firms like Zellic fortified XAUt0’s cross-chain security.
The protocol employs non-custodial design, meaning users retain control during transfers. A $2M bug bounty program further incentivizes vulnerability disclosures.
What this means: This is bullish for XAUt because robust security reduces risks of exploits, reinforcing trust in its gold-backing claims. Traders gain confidence in large transactions.
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Conclusion
Tether Gold’s codebase now prioritizes cross-chain fluidity and institutional-grade security, positioning XAUt as a bridge between physical gold and decentralized finance. With omnichannel access via Telegram and audited reserves, will XAUt0 catalyze gold’s adoption as a base layer for RWAs?