Tether unleashes $23 billion gold war chest
Tether putting $23 billion gold stockpile to work with bullion-backed loans
This move allows XAUT holders to borrow against their tokenized gold without selling, mirroring bitcoin-backed lending models. The partnership with Ledn extends the utility of Tether's vast gold reserves. Traders should watch for the rollout of gold-backed loans later this year. This innovation could disrupt traditional gold lending.
#Crypto #Gold #Lending #DeFi #Blockchain
Tether putting $23 billion gold stockpile to work with bullion-backed loans
This move allows XAUT holders to borrow against their tokenized gold without selling, mirroring bitcoin-backed lending models. The partnership with Ledn extends the utility of Tether's vast gold reserves. Traders should watch for the rollout of gold-backed loans later this year. This innovation could disrupt traditional gold lending.
#Crypto #Gold #Lending #DeFi #Blockchain