Tether Gold Launches on BNB Chain, Enhancing Blockchain Integration

Tether Gold (XAUt), a tokenized gold product from Tether, was launched on BNB Chain on March 26. According to Foresight News, each XAUt token is backed 1:1 by a troy ounce of physical gold stored in Swiss vaults, with reserves comprising approximately 1,800 London Good Delivery gold bars, totaling over 22,100 kilograms. Proof of reserves has been publicly disclosed. The integration allows users to access physical gold exposure within the BNB Chain ecosystem, facilitating its use in trading, DeFi, and other on-chain activities. For developers, XAUt offers an asset with low correlation to the crypto market, aiding in more balanced product design. Tether plans to enhance liquidity across more than 12 blockchains through the USDt0 cross-chain network, improving issuance, transfer, and settlement efficiency. Tether CEO Paolo Ardoino stated that the initiative aims to incorporate gold into the modern digital financial system, enabling instant settlement and global circulation. Currently, BNB Chain's real-world asset (RWA) scale is approximately $3.2 billion, ranking second among global RWA public chains, with over 41,000 holders and a net inflow of about $845 million in the past 30 days. The addition of XAUt signifies a shift from 'issue and store' to a new stage of usable, composable on-chain assets.