Tether has partnered with crypto lending platform Ledn to support Tether Gold (XAUT) on its platform, allowing investors to borrow against tokenized gold later this year. This move expands the utility of XAUT, which represents physical gold stored in Swiss vaults, enabling liquidity without selling the asset. The partnership reflects Tether's strategy to increase real-world use cases for digital assets backed by physical commodities and diversify beyond its USDT stablecoin. Ledn will maintain a conservative lending model with fully reserved collateral, distinguishing it from other crypto lenders that failed during market downturns.
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 ...
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...
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...
