Stablecoin issuer Tether has expanded its gold-backed XAUT token to the BNB Chain. The XAUT token, which holds a $2.5 billion market cap, is now available on the BNB Chain. This development follows a recent surge in the price of precious metals. The expansion aims to provide users on the BNB Chain with access to a token backed by physical gold, potentially increasing its utility and reach within the decentralized finance ecosystem.

Stablecoin issuer Tether has expanded its gold-backed XAUT token to the BNB Chain. The XAUT token, which holds a $2.5 billion market cap, is now available on the BNB Chain. This development follows a recent surge in the price of precious metals. The expansion aims to provide users on the BNB Chain with access to a token backed by physical gold, potentially increasing its utility and reach within the decentralized finance ecosystem.