Exclusive: Tether Gold joins Ledn, lets investors borrow against gold

Investing.com -- Crypto lender Ledn is adding Tether Gold to its platform, enabling holders of the tokenized gold product to borrow against their holdings the same way Bitcoin clients have done since the company launched in 2018, Investing.com has learned.

The integration makes Ledn one of the first lending platforms to offer gold-backed loans through a tokenized collateral model, with Tether, one of the largest private gold holders in the world with roughly $23 billion in bullion, bringing its $2.5 billion tokenized gold stack to the platform.

Loans will be paid out and repaid in Tether’s USD₮ or USA₮ stablecoins, with no monthly payments and the freedom to repay at any time.

The company noted that XAU₮, where each token represents one fine Troy ounce of physical gold held in Swiss vaults, puts gold on the same digital rails that have made Bitcoin-backed lending increasingly mainstream.

Ledn’s model means assets are held one-to-one and never lent out, never used to generate yield, and never deployed to fund business operations.

The products are expected to roll out today across most jurisdictions where Ledn operates, with the exception of Canada and the EU.

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