Tether's Tokenized Gold Now Available for Lending Through Ledn Partnership

Tether is expanding its digital asset ecosystem through a partnership with Ledn, a crypto lending platform. This integration allows users to hold Tether Gold (XAUT) alongside Bitcoin and USDT within Ledn's lending ecosystem.

XAUT is backed by approximately $23 billion worth of physical gold stored securely in Swiss vaults, each token representing one troy ounce of bullion. By extending support through Ledn, Tether is positioning tokenized gold as a practical financial asset instead of just a digital representation of precious metals.

The integration introduces XAUT into a lending model established for Bitcoin-backed loans. According to the company, customer collateral is not lent out or used to generate additional yield, reflecting a more conservative approach to crypto-backed lending.