Bybit, a leading global cryptocurrency exchange, announced the upcoming support for XAUT (Tether Gold) deposits and withdrawals on Mantle, expanding user access to tokenized gold while strengthening cross-chain asset functionality across the Mantle ecosystem.

XAUT is a tokenized representation of physical gold issued by Tether, the world's leading stablecoin issuer, with each token backed 1:1 by one troy ounce of gold held in secure vaults. With this deployment, Mantle integrates XAUT as part of its growing real-world asset (RWA) ecosystem, while Bybit enables seamless on- and off-ramps for users to manage gold-backed digital assets more efficiently.

The integration of XAUT on Mantle reflects a broader industry trend toward bringing high-quality real-world assets on-chain in a way that is scalable, cost-efficient, and composable with DeFiapplications. Mantle's modular Layer-2 architecture offers significantly lower transaction costs and faster settlement compared to Ethereum mainnet, making it well-suited for RWAs that require reliability and capital efficiency. For users, this means the ability to hold and transfer gold-backed assets on-chain with improved user experience without sacrificing the stability associated with physical gold.