Gold-based digital currency, Tether, launched on the Telegram Open Network (TON), catering to Telegram users.
The almighty Tether, the stablecoin stalwart, has joined forces with The Open Network (TON) blockchain, aiming to launch the gold-tinted XAUt0 stablecoin - a precious derivative of Tether Gold (XAUt). This strategic alliance is packed to the brim with potential, opening the floodgates for millions of Telegram users to lay their digital hands on XAUt0, all within the native wallet of the beloved app.
Telegram has been on a blockchain binge, and this team-up with TON simply adds fuel to the fire. Standing tall beside itsclose brother TON, the partnership will surely propel the duo further into the expansive realm of the blockchain industry.
The exciting news first broke via the lips of the unified liquidity protocol for USDT stablecoin, USDT0. USDT0 beamed with pride, boasting about the foundation laid by Tether Gold for tokenized gold on the blockchain, and the accelerating adoption thereof.
"Introduced in 2020, Tether Gold (XAUt) was one of the pioneers to bring the real deal – real-world assets – onto the blockchain on a grand scale," declared USDT0 in a recent X post, adding, "XAUt0 offers the best of both worlds: a timeless balm against inflation, cloaked in the unparalleled flexibility and freedom of the modern financial world."
Built upon the Omnichain Fungible Token (OFT) standard by LayerZero, XAUt0 is a treasure trove, with users able to nimbly and securely transfer their gold across various blockchain networks, all without sacrificing the 1:1 physical gold backing.
Of course, gold isn't the only shiny thing catching my eye – Dubai's DFSA has given its blessing to Ripple USD (RLUSD), allowing it to roam free in the DIFC.
However, it's worth noting that, while the vision is set to blur the line between digital assets and real-world gold, there seems to be no concrete evidence of XAUt0 finding its way onto The Open Network blockchain or nestling itself within the warm embrace of Telegram. Nevertheless, keep your eyes peeled and your ears tuned – rumors swirl that this collaboration could be just the beginning of a golden era for the blockchain universe.
Investors and enthusiasts of blockchain technology may start considering investing in Ripple, given that the Dubai Financial Services Authority (DFSA) has approved Ripple USD (RLUSD) for use within the DIFC. On the other hand, the alliance between Tether Gold's XAUt stablecoin and The Open Network (TON) blockchain could potentially open new avenues for investing and trading, offering a unique blend of traditional finance and the modern world with its gold-tinted XAUt0 stablecoin.
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