Tether-backed Firm Launches Tokenized Gold (XAUT0) on Solana Blockchain
USDT0 debuts tokenized gold on Solana as RWA assets surge 35% to $686M, but SOL price remains pressured by potential Alameda liquidations and broader market weakness.
Tether's XAUT0 launch provides access to $170 billion in unified liquidity across 12 chains during gold's rally to record highs.
Solana faces downward pressure from a suspected $17.6 million Alameda Research transfer to Coinbase despite RWA momentum.
Technical indicators show SOL must reclaim $213 support to target $244, or risk falling toward $181 if selling intensifies.
USDT0, a liquidity unification protocol backed by stablecoin issuer Tether, has launched a tokenized gold asset, XAUT0, on the Solana blockchain. The move comes as gold prices hit a new all-time high of $4,200 on Wednesday, driven by rate-cut expectations and rising Real-World Asset (RWA) tokenization adoption.
Solana continues to strengthen its foothold in the RWA sector, climbing to seventh place with a 35.3% surge in tokenized asset value over the last 30 days, now totaling $686.3 million.
Solana RWA Asset Value rises 35.3% in 30-days | Source: RWA.XYZ
Emphasizing the liquidity impact, SolanaFloor, a leading Solana analytics platform, highlighted that the USDT0 listing grants access to more than $170 billion in unified liquidity across over 12 chains.
🚨BREAKING: Tether-backed @USDT0_to launches USDT0 and XAUt0 on @Solana, the new omnichain versions of USDT and Tether Gold, enabling native cross-chain transfers and access to $170B+ in unified liquidity across 12+ chains.
The launch marks another step in Tether’s strategy to diversify beyond stablecoins and bridge traditional asset classes with blockchain infrastructure, having recently announced a $20 billion fundraise target.
Solana Price Remains Pinned Below $190 as Markets Anticipate Alameda Research Sell-Off
Adding to the pressure, fears of another major sell-off emerged after blockchain trackers flagged an $88,131 SOL (approximately $17.6 million) transfer to Coinbase from wallets linked to Alameda Research, the trading firm founded by Sam Bankman-Fried.
Historically, FTX and Alameda-linked liquidations have triggered short-term declines in Solana’s price.
Solana Price Forecast: Can Bulls Defend $190 Support and Reclaim the $213 Midline?
Solana price action shows a retracement phase following last week’s sharp recovery from sub-$180 levels. On the daily chart, Solana remains confined within a corrective structure after the late weekend selloff.
Momentum indicators paint a mixed picture. The 14-day RSI currently reads 43.7, down from last week’s 52 peak, suggesting fading short-term bullish strength but not yet oversold conditions. The Parabolic SAR dots remain positioned above price near $230, signaling a continuation of the near-term downtrend until a decisive reversal confirmation occurs.
If Solana successfully reclaims and closes above $213 with follow-through toward the Parabolic SAR trigger at $230, bullish traders could eye the upper Bollinger band at $244 as the next upside objective.
However, failure to reclaim the midline, especially on rising sell volume, would leave SOL vulnerable to another leg down toward $181 and potentially $160 if market-wide risk sentiment weakens further.
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I’m a research analyst with experience supporting Web3 startups and financial organizations through data-driven insights and strategic analysis. My goal is to help organizations make smarter decisions by bridging the gap between traditional finance and blockchain innovation.
With a background in Economics, I bring a solid understanding of market dynamics, financial systems, and the broader economic forces shaping the crypto industry. I’m currently pursuing a Master’s degree in Blockchain and Distributed Ledger Technologies at the University of Malta, where I’m expanding my expertise in decentralized systems, smart contracts, and real-world blockchain applications.
I’m especially interested in project evaluation, tokenomics, and ecosystem growth strategies, as these are areas where innovation can drive lasting impact. By combining my academic foundation with hands-on experience, I aim to provide meaningful insights that add value to both the financial and blockchain sectors.
