🚨 #Gold just got its crypto moment and most people are sleeping on what this actually means!!
Tether is bringing its 23 billion dollar gold reserve to life as usable collateral inside the crypto lending market.
The product is called $XAUT . Each token represents one troy ounce of physical gold sitting inside Swiss vaults. And it is now heading to Ledn alongside $BTC and USDT as a supported asset.
Borrowing against #XAUT is expected later this year and when that goes live something genuinely new happens 💀
For the first time at scale you will be able to walk into a crypto lender holding tokenized physical gold and walk out with liquidity. No selling. No leaving your position. Just gold working as productive collateral the same way Bitcoin already does.
This is the bridge between the oldest store of value on earth and the newest financial infrastructure ever built 🔥
Watch XAUT very closely from here 👇
Tether is bringing its 23 billion dollar gold reserve to life as usable collateral inside the crypto lending market.
The product is called $XAUT . Each token represents one troy ounce of physical gold sitting inside Swiss vaults. And it is now heading to Ledn alongside $BTC and USDT as a supported asset.
Borrowing against #XAUT is expected later this year and when that goes live something genuinely new happens 💀
For the first time at scale you will be able to walk into a crypto lender holding tokenized physical gold and walk out with liquidity. No selling. No leaving your position. Just gold working as productive collateral the same way Bitcoin already does.
This is the bridge between the oldest store of value on earth and the newest financial infrastructure ever built 🔥
Watch XAUT very closely from here 👇