Bitcoin lending platform Ledn has expanded its services to include Tether Gold (XAUt), allowing investors to hold the tokenized asset and borrow against it in much the same way they can borrow against Bitcoin.
Ledn announced Thursday that clients can use XAUt as collateral for loans instead of selling their holdings for cash. Under the company's existing lending model, client collateral is held one-to-one and is not rehypothecated, lent out or used to generate yield.
Loans are issued and repaid in Tether’s USDT or USAt stablecoins and can be repaid at any time without scheduled monthly payments. Tether launched USAt in the United States in January as a stablecoin designed to comply with the GENIUS Act.
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