Tether Brings $23B Gold Reserves to Crypto Lending, Enables Loans Against XAUT

According to Jefferies and a CoinDesk report from Feb. 9, Tether Limited holds approximately 148 tonnes of physical gold worth roughly $23 billion as of Jan. 31, placing it among the world's top 30 gold holders, surpassing countries including Australia and the United Arab Emirates.

Crypto lender Ledn recently added support for Tether's Tether Gold (XAUT) and USDT stablecoin, enabling users to borrow against their XAUT holdings. Tether CEO Paolo Ardoino said: "As digital assets become an increasingly important part of the global economy, demand is growing for solutions that combine long-term ownership with financial flexibility."