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$94.6M in Tether Gold now used in DeFi, led by Aave's lending platform dominance.

Protocol Fundamentals
06 Oct 2026
Crypto Briefing
View Source
Bullish
$94.6M in Tether Gold now used in DeFi, led by Aave's lending platform dominance.

Tether's tokenized gold (XAUT) worth $94.6 million is actively used on DeFi platforms, with Aave capturing 74.2% of these deposits, mainly through its V3 and V4 markets. This marks a shift as gold moves from static vault storage to dynamic collateral for loans, allowing users to borrow stablecoins while retaining gold price exposure. Despite this growth, XAUT lending represents only 1.5% of the total tokenized gold market, while Tether recently minted $495 million more XAUT, raising questions about future demand and usage. The market is currently concentrated around Aave, and increased utilization could drive further growth.

Aave, which holds the majority of Tether's tokenized gold deposits, is currently trading at Rp3.210.056 on Pluang. The price has decreased by 2.69% in the past day, with a market cap of Rp49,85 trillion and a 24-hour trading volume of Rp6,04 trillion. As of Oct 07, 2026 00:33 WIB, Pluang users show a buying interest with 63% buy orders and an average hold time of 105 days.

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