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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)
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- Jun 28, 3:51am | 12 hr ago Posted byFundamental Analysis79
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