The stablecoin issuer is extending its tokenized gold strategy by allowing holders of XAUT to borrow against their bullion, mirroring bitcoin-backed lending without selling the underlying asset.
Tether is now leveraging its substantial $23 billion gold reserves to offer bullion-backed loans. This initiative extends its existing tokenized gold strategy, enabling holders of XAUT to borrow funds against their gold holdings. The move mirrors the successful model of…
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