PANews, June 18 – Bitcoin collateralized lending platform Ledn has announced support for Tether’s gold-backed token XAUT as loan collateral, allowing users to “borrow against gold” just as they previously could with Bitcoin. Ledn stated that Tether currently holds approximately $23 billion in physical gold reserves, with each XAUT token representing one troy ounce of fine gold stored in a Swiss vault. The supported assets now include XAUT, USDT, and USAT, among others.

Notably, Tether made a strategic investment in Ledn back in November 2025.