Tether brings $23B gold push into crypto-backed loans

cryptonews06-28 22:12

Tether is expanding the use of Tether Gold as crypto lender Ledn adds support for XAU₮. Summary Tether is expanding XAU₮ utility by bringing tokenized gold into Ledn’s lending platform this year...

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The platform said users can now hold and trade XAU, while borrowing against the tokenized gold product will come later in 2026.Ledn said client collateral remains held 1:1 and is not lent out or used to generate yield. That point matters after the 2022 crypto lending failures, when weak risk controls and rehypothecation hurt many customers.Tether and Ledn are trying to bring that model into digital asset markets. 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Each XAU₮ token represents one fine troy ounce of physical gold stored in Swiss vaults.\nXAU₮ joins Ledn’s lending platform\nLedn said it has added support for XAU₮ alongside Bitcoin, USD₮ and USA₮. The platform said users can now hold and trade XAU₮, while borrowing against the tokenized gold product will come later in 2026.\nThe product follows the same structure Ledn has used for Bitcoin-backed loans. Users can access liquidity while keeping exposure to the underlying asset instead of selling it for cash.\nLedn said client collateral remains held 1:1 and is not lent out or used to generate yield. That point matters after the 2022 crypto lending failures, when weak risk controls and rehypothecation hurt many customers.\nThe company said demand is growing for services that combine long-term asset ownership with financial flexibility. \n\n“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,” Tether CEO Paolo Ardoino said.\n\nTether expands its gold strategy\nTether Gold has grown sharply over the past year as demand for tokenized gold increased. Tether said XAU₮ reserves reached 707,747.139 fine troy ounces by March 31, 2026.\nThat was up from 520,089.350 fine troy ounces at the end of 2025. Tether said XAU₮’s market value rose from about $2.25 billion to more than $3.3 billion during the first quarter.\nThe wider $23 billion gold figure refers to Tether’s broader bullion position across its products. Reuters reported that Tether held about 132 metric tons of gold for USDT reserves at the end of March, valued near $19.8 billion, while XAU₮ accounted for about 22 tons.\nTether has also moved to focus more on XAU₮ after closing Alloy and aUSDT. As previously reported, users can redeem aUSDT and recover XAU₮ until Sept. 17 before Alloy support ends.\nGold-backed loans mirror Bitcoin lending\nGold-backed lending is not new in traditional finance. Banks, bullion dealers and large financial firms have long used physical gold as collateral.\nTether and Ledn are trying to bring that model into digital asset markets. Tokenized gold can move on blockchain rails while still tracking ownership of physical bullion held in custody.\nThis setup may appeal to users who want to keep gold exposure but still need liquidity. A borrower could use XAU₮ as collateral and receive stablecoins without selling the gold-backed asset.\nThe model also gives Tether another way to add use cases around XAU₮. Instead of acting only as a tokenized gold holding, XAU₮ could become collateral inside crypto lending markets.\nTokenized gold push widens\nThe Ledn plan follows other recent moves around Tether Gold. Tether and Fasset launched a Visa card with XAU₮ rewards, allowing eligible users to spend through the card and earn up to 6% cashback in tokenized gold.\nThat product placed XAU₮ closer to everyday payments. It also showed how Tether is testing uses for tokenized gold beyond storage and trading.\nThe company has also invested beyond stablecoins. Tether has backed Bitcoin mining, renewable energy projects, AI infrastructure, Gold.com and Antalpha as part of a wider technology and infrastructure push.\nFor Tether, the Ledn deal gives XAU₮ another practical role. Users may soon be able to borrow against tokenized gold in a structure closer to Bitcoin-backed lending, without giving up exposure to the underlying bullion.\n\n\n\n\n\n                Read more:\n            \n\n                Ripple’s IPO and the XRP holder payout: what holders would actually get","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2646708317","isCrawlerRequest":true}