Tether Gold integrates with the crypto lending platform Ledn, planning to launch XAUT collateral lending services this year
According to CoinDesk, Tether stated that XAUT is backed 1:1 by physical gold stored in Swiss vaults, with each token corresponding to 1 troy ounce of gold, currently corresponding to approximately $23 billion in gold reserves.
Ledn stated that the XAUT used by users for collateral will continue to be held at a 1:1 ratio and will not be lent out or used to generate income.
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