Tokenized Gold

Tether is expanding the utility of its bullion holdings by enabling borrowing against Tether Gold, or XAUT, through crypto lender Ledn. The move mirrors bitcoin-backed lending and could open a new stream of liquidity for gold holders without forcing a sale.

Tether’s gold reserves reach an estimated $23 billion as the stablecoin issuer accelerates bullion buying, rivaling mid-sized nations and reshaping crypto reserve strategies.

Tether is buying up to $1 billion worth of gold per month, building a 140-ton stockpile while backing its XAUT stablecoin amid a gold market surge.