Tether Introduces XAUT to Crypto Lending Platform Ledn, Plans Gold-Backed Loans Later This Year

Stablecoin issuer Tether is expanding its tokenized gold strategy by introducing Tether Gold (XAUT) to crypto lending platform Ledn. According to Odaily, Tether and Ledn plan to launch gold-backed lending services later this year, allowing XAUT holders to borrow against their holdings without selling the underlying assets.

Tether, which maintains $23 billion in gold reserves backing XAUT, has added the token to Ledn's supported assets alongside Bitcoin and USDT. The platform aims to offer XAUT-focused lending services that mirror the functionality of Bitcoin-backed loans, enabling users to maintain long-term holdings while accessing liquidity.