Tether Gold grows

Tether Gold (XAUt)
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LATEST: ⚡️ Tether is partnering with crypto lender Ledn to let XAUT holders borrow against their tokenized gold. https://t.co/YYwXEo4kW2
Tether is now one of the biggest private gold holders in the world. 140 metric tons in Swiss vaults, worth about $23 billion.
and it just started letting people borrow against that gold through Ledn, the way you borrow against bitcoin.
a stablecoin company built a gold bank. https://t.co/F3yJMn3XkH
Tether's tokenized gold product Tether Gold (XAUT) has been integrated into the crypto lending platform Ledn, and plans to launch XAUT collateral lending services later this year. Tether states that XAUT is backed 1:1 by physical gold stored in a Swiss vault, with each token representing one troy ounce of gold, currently backed by roughly $23 billion worth of gold reserves. Ledn says that XAUT used as collateral will continue to be custodial at a 1:1 ratio and will not be lent out or used to generate yield. (CoinDesk) https://t.co/nD24Qhoglh
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