Ledn launches loans backed by Tether Gold (XAUt)

Ledn has expanded its lending platform to accept Tether Gold (XAUt) as collateral, letting investors hold the tokenized asset and borrow against it much like they can with Bitcoin. Under Ledn’s 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. The move expands the range of digital assets that can be used as loan collateral, giving investors another way to access liquidity without triggering a taxable sale.

The new products are rolling out across most jurisdictions where Ledn operates, but they are not currently available in Canada or the European Union.

United States, Canada, European Union

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