Bybit Enables XAUT on Mantle, Expanding Access to Tokenised Gold

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

XAUT is a tokenised representation of physical gold issued by Tether, 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, whilst Bybit enables on- and off-ramps for users to manage gold-backed digital assets.
 

The integration of XAUT on Mantle reflects an industry trend towards bringing real-world assets on-chain in a scalable, cost-efficient manner that is composable with DeFi applications. Mantle's modular Layer-2 architecture offers lower transaction costs and faster settlement compared to Ethereum mainnet. 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.
 

Mantle's integration of XAUT aligns with its strategy to become an execution and distribution layer for real-world assets. As investor interest shifts towards yield-bearing and asset-backed instruments, Mantle aims to provide infrastructure that allows RWAs to move seamlessly across DeFi protocols, vaults, and structured products.
 

In recent years, gold has demonstrated price resilience and outperformance during periods of macroeconomic uncertainty. This trend has driven renewed interest in gold-backed instruments, including tokenised formats that enable greater accessibility and liquidity. Mantle expects this dynamic to translate into organic demand for XAUT across its DeFi ecosystem, particularly within vault-based strategies and capital-efficient yield markets.
 

Joshua Cheong, Head of Product, Mantle

Joshua Cheong, Head of Product, Mantle said:

"Real-world assets are a core focus for Mantle, particularly assets with proven global demand and long-term value. Gold's strong performance in recent years reinforces the case for tokenised exposure, and integrating XAUT allows us to support that demand across DeFi, vaults, and structured on-chain products with lower costs and greater efficiency,". 
 

Bybit's support for XAUT deposits and withdrawals on Mantle enhances user flexibility by enabling movement of gold-backed assets between centralised and decentralised environments. Users can now access Mantle-based applications whilst benefiting from Bybit's trading and custody infrastructure.
 

This integration contributes to deeper liquidity across the Mantle ecosystem, supporting a broader range of trading, lending, and yield-generating use cases involving real-world assets.
 

Each XAUT token is secured on a one-to-one basis by physical gold held in reserve. Mantle's Layer-2 infrastructure lowers fees compared to Ethereum mainnet, whilst improved transaction finality enables more efficient deposits and withdrawals. XAUT can be utilised across Mantle-based protocols, enabling use cases that combine real-world stability with on-chain liquidity.
 

The launch of XAUT deposits and withdrawals on Mantle highlights the convergence of traditional assets and decentralised finance. By combining Tether's tokenised gold, Mantle's RWA-focused infrastructure, and Bybit's global distribution, this integration represents a step towards more accessible, efficient, and liquid on-chain markets for real-world value.
 

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