Tether and Ledn have teamed up to bring tokenized gold into the crypto lending world. The partnership, announced on June 18, integrates Tether Gold (XAUT) into Ledn’s platform alongside Bitcoin and stablecoins, with gold-backed loans expected to follow later this year.
What the deal actually looks like
From launch, Ledn users can trade and hold XAUT on the platform. Each XAUT token represents one fine troy ounce of gold, with 707,747 ounces currently backing the equivalent number of tokens in circulation.
Later in 2026, Ledn plans to roll out gold-backed loans denominated in Tether’s stablecoins. Borrowers will be able to choose between USDT and the newly launched USAT.
Ledn maintains a 1:1 collateral holding policy, meaning they don’t rehypothecate or lend out the collateral backing user deposits. Worth noting: the lending product won’t be available to residents of Canada or the EU.
