Svmuu News: Stablecoin issuer Tether is expanding its tokenized gold strategy, allowing XAUT holders to borrow against their gold bars—similar to Bitcoin-backed loans—without selling the underlying assets.Tether, and Ledn are expected to offer gold-backed loans later this year.
Tether The tokenized product Tether Gold (XAUT) has been introduced to the crypto lending platform Ledn, thereby expanding the use cases for its $23 billion in gold reserves. Ledn stated that it is adding support for XAUT, as well as the stablecoins USDT from Bitcoin and Tether, and expects to launch lending services for XAUT later this year. Tether CEO Paolo Ardoino said that 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. (CoinDesk)