Bybit supports XAU₮ for Mantle.
AI Summary1 min read
TL;DR
Bybit will soon support XAU₮ deposits and withdrawals on the Mantle network, enabling users to trade tokenized gold with lower costs and faster speeds via Mantle's Layer-2 architecture.
Tags
MantleLayer 2EthereumLayer 1Smart ContractsHAIBybitXAU₮Tether GoldDeFi
ChainCatcher reports that Bybit has announced it will soon support deposits and withdrawals 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 use XAU₮ for trading, lending, and yield generation within Mantle's DeFi protocol.