Xaut

Tether is expanding its real-world asset tokenization business into Saudi Arabia through a partnership focused on institutional real estate. The initiative gives the USDT issuer a foothold in a market pursuing financial modernization under Vision 2030.

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.

Bybit has introduced options trading for Tether Gold, expanding access to a new way to hedge and speculate on gold prices. The products are settled in USDT and backed by Orbit Markets for liquidity support.

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.