By Isaac • June 27, 2026 1:23 pm •
Tether is taking its reported $23 billion gold reserve off the sidelines.
CoinDesk reported on June 27, 2026 that the stablecoin giant is expanding the use of that gold stockpile by bringing Tether Gold, the token known as XAUT, onto crypto lender Ledn.
Gold-backed loans through Ledn are expected to launch later this year, . The borrowing piece is not live yet.
That timing matters because it changes what tokenized gold can do. Holders would be able to borrow against XAUT instead of selling it.
LATEST: Tether is expanding the use of its $23B gold reserve as crypto lender Ledn adds support for tokenized gold product XAUT, with gold-backed loans expected later this year. pic.twitter.com/mq44CTzPpP
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