Tether and Ledn plan XAUT-backed loans, turning $23B gold reserve into bitcoin-style collateral
Coindesk •
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Promote with Leviathan NewsTether and Ledn are adding XAUT to Ledn’s platform, with gold-backed loans expected later this year alongside BTC and stablecoin rails. XAUT is backed by roughly $23B of physical bullion, with each token representing one troy ounce stored in Swiss vaults. The real move is Tether turning its gold stack into usable collateral, letting holders borrow against tokenized bullion without selling it.
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