Tether is allowing holders of its tokenized gold, Tether Gold (XAUT), to borrow against their gold holdings without selling the asset. This move, in partnership with crypto lender Ledn, mirrors bitcoin-backed lending and unlocks liquidity from Tether's $23 billion physical gold reserve stored in Swiss vaults. The initiative aims to bring gold lending to retail investors, traditionally dominated by banks and bullion dealers, by using digital tokens as collateral. This expands Tether's strategy beyond stablecoins into broader financial services and technology sectors.
Tether has partnered with Ledn to integrate Tether Gold (XAUT) into Ledn's platform, allowing users to trade and hold tokenized gold alongside Bitcoin and stablecoins. Each XAUT token is backed by one ounce of physical gold, with over 700,000 ounces ...
Bloomberg Intelligence strategist Mike McGlone predicts that Tether (USDT), a dollar-backed stablecoin, may soon overtake Bitcoin as the largest cryptocurrency by market capitalization. This shift is driven by macroeconomic tightening, which favors s...
XRP, Ripple's native token, has fallen 43% year-to-date, hitting an annual low near $1.01 amid a broader crypto market correction. Despite Ripple's ongoing efforts to integrate XRP Ledger into global finance, the token underperforms against competito...
Bloomberg Intelligence strategist Mike McGlone forecasts that Tether (USDT), a dollar-pegged stablecoin, is likely to overtake Bitcoin as the largest cryptocurrency by market value. He highlights the growing dominance of stablecoins reshaping the cry...
Tether's USDT stablecoin briefly overtook Ether to become the second-largest cryptocurrency by market capitalization, reaching about $186.06 billion compared to Ether's $185.66 billion. This rare flip was driven by increased USDT issuance and a falli...
