Ledn Introduces Gold‑Backed Lending Using Tether Gold
Crypto lender Ledn announced that it is integrating Tether Gold (ticker XAU₮) into its platform, enabling holders of the tokenized gold product to obtain loans against their holdings. Each XAU₮ token represents one fine Troy ounce of physical gold stored in Swiss vaults, placing gold on the same digital rails that have supported Bitcoin‑backed lending since Ledn’s launch in 2018.
Tether, one of the world’s largest private gold holders, possesses roughly $23 billion in physical bullion and has tokenized $2.5 billion of that gold into XAU₮ tokens, which will now serve as collateral on Ledn’s platform. Loans will be disbursed and repaid in Tether’s USD₮ or USA₮ stablecoins, feature no mandatory monthly payments, and allow borrowers to repay at any time.
Ledn emphasizes that the collateral assets are held on a strict one‑to‑one basis, are never lent out, never used to generate yield, and are not deployed to fund any of the company’s business operations. The gold‑backed loan products are slated to roll out today across most jurisdictions where Ledn operates, with the explicit exclusions of Canada and the European Union.