Gemini just made its stablecoin menu a lot more interesting. The exchange now supports three new digital assets: USAT, a US-regulated dollar stablecoin; XAUt, a token backed by physical gold stored in Swiss vaults; and USDT0, a cross-chain version of Tether that runs on LayerZero’s infrastructure. All three went live on May 21.

What Gemini actually added

USAT is issued by Anchorage Digital Bank, which holds a federal bank charter. The stablecoin maintains a 1:1 peg to the US dollar, backed by full reserves with transparent monthly disclosures.

XAUt is Tether Gold, a tokenized representation of physical gold. Each token equals one fine troy ounce of gold, and the actual metal sits in Swiss vaults.

USDT0 is built on LayerZero’s Omnichain Fungible Token (OFT) standard, enabling native cross-chain transfers without traditional bridging solutions. Gemini now supports USDT0 deposits and withdrawals across Arbitrum, Avalanche, Ethereum, Solana, and Tron. The Arbitrum integration alone unlocks access to over $1 billion in USDT already sitting on that network.

What this means for investors

For traders already on Gemini, having USAT, XAUt, and USDT0 available in one place reduces the need to manage multiple exchange accounts or navigate separate DeFi protocols to access these assets.

There are risks to consider. USAT’s value depends on Anchorage Digital Bank maintaining those reserves as promised. XAUt requires trust that the physical gold in Swiss vaults actually matches the token supply. And while USDT0 eliminates bridging risk, it introduces dependency on LayerZero’s infrastructure.