-
Tether Moves to Monetize $23 Billion Gold Reserve Through Ledn
Tether is expanding the use of its gold-backed token by bringing Tether Gold, known as XAUT, to crypto lender Ledn, as the stablecoin issuer looks to turn one of the world’s largest privately held gold reserves into more active digital collateral. Ledn said it is adding support for XAUT alongside bitcoin and USDT, with borrowing against XAUT expected later this year. The move gives holders of tokenized gold a pathway to access liquidity without selling the underlying exposure, similar to the model already used in bitcoin-backed lending. XAUT is backed by physical bullion, with each token representing one troy ounce ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From kitco.com | 33 hr ago
The gold market is ending the week in a precarious position as prices cling to what has become critical support near $4,000 an ounce. The precious metal is on track to post its fourth consecutive weekly loss, its longest losing streak since August 2023. The gold market has struggled in recent months as the war in Iran significantly disrupted the global ...
From bullionvault.com | 31 hr ago
Gold and silver prices rallied further on Friday from this week's 7-month lows as the Dollar dropped amid growing doubts that the Federal Reserve under new chair Kevin Warsh will raise US interest rates any time soon despite rising headline inflation. Bond prices rose again, pushing down the annual yield offered by 10-year US Treasury debt to a 7-week low ...
From financialsense.com | 19 hr ago
Long before gold was used as currency and minted into coins, it was an object of immense value to the ancient civilizations of Egypt and Sumer. It was highly prized for its scarcity, malleability, and aesthetic appeal. Before the advent of coinage, gold was used in trade but was not considered money in the modern sense. Instead, it circulated as jewelry, ...
- Story Stats
- Jun 28, 3:51am | 10 hr ago Posted byFundamental Analysis75
- Instruments:
