Tether launches gold-backed loans for XAUT holders using $23B bullion reserve

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Stablecoin giant Tether is expanding its tokenized gold strategy by enabling holders of its XAUT token to take out loans backed by their gold holdings. The move allows XAUT holders to access liquidity without having to sell their underlying bullion. The approach mirrors Tether's existing bitcoin-backed lending model, applying the same concept to its gold reserves. Tether currently holds approximately $23 billion worth of gold backing its XAUT token. The initiative marks a significant step in Tether's broader push to make tokenized real-world assets more financially productive.

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