Bybit supports the launch of XAU₮ on Mantle

Bybit announces that it will soon support the deposit and withdrawal functions of XAU₮ (Tether Gold) on the Mantle network, providing users with a more convenient channel for trading tokenized gold.

XAU₮ is issued by Tether, with each token backed 1:1 by one troy ounce of physical gold. This integration leverages Mantle's Layer-2 architecture to achieve lower transaction costs and faster settlement speeds, allowing users to trade, lend, and generate yield using XAU₮ within Mantle's DeFi protocols.