Crypto lender Ledn has added support for Tether Gold (XAUT) in its Transaction Accounts, with gold-backed loans planned for later in 2026. The update, announced on June 18, marks Ledn’s first expansion beyond Bitcoin as a supported hard asset.
Crypto lender Ledn has added support for Tether Gold (XAUT) in its Transaction Accounts, with gold-backed loans planned for later in 2026. The update, announced on June 18, marks Ledn’s first expansion beyond Bitcoin as a supported hard asset.
Crypto lender Ledn has added support for Tether Gold (XAUT) in its Transaction Accounts, with gold-backed loans planned for later in 2026. The update, announced on June 18, marks Ledn’s first expansion beyond Bitcoin as a supported hard asset.
What to Know
Ledn said in a blog post that users can now hold XAUT in Transaction Accounts and trade across BTC, XAUT, USDT, and USAT. Loans can be disbursed and repaid in USDT or USAT. For related coverage, see Coinbase Says Open-Weight Models Cut AI Spending Nearly 50%.
Each XAUT token represents one fine troy ounce of physical gold held in Swiss vaults. At press time, XAUT traded at $4,065.98 with a market capitalization of roughly $2.49 billion. For related coverage, see Polymarket Acquires Craft Agents, Team Members Join.
The move comes as Ledn, which has previously focused on Bitcoin-based financial products, broadens its platform to include tokenized commodities. The company has cited declining bitcoin treasury returns as one challenge facing the industry, and adding a gold-backed asset provides users with a different risk profile.
Tether Gold is issued by TG Commodities S.A. de C.V., which stated in its audited reserve report for December 31, 2025 that 520,089.30 XAUT were in circulation, backed by 520,089.35 fine troy ounces of gold. BDO Advisory Services concluded the reserves report was fairly presented in all material respects.
The cumulative XAUT market value was $2.25 billion as of December 31, 2025, at a gold price of $4,319.37 per ounce. The issuer is authorized in El Salvador as a Stablecoin Issuer and Digital Assets Service Provider and is registered as a Money Services Business with FinCEN.
By integrating XAUT alongside BTC and stablecoins, Ledn is positioning its platform as a multi-asset hub for hard assets rather than a Bitcoin-only lender. The addition gives users access to gold exposure without leaving the same account infrastructure they use for bitcoin and dollar-denominated assets.
Ledn noted that its new XAUT-related features are not currently available in Canada or the EU. As regulatory frameworks for crypto assets continue to evolve across jurisdictions, regional restrictions like these are common for new product launches.
Ledn said XAUT-backed loans are scheduled for later in 2026 and will follow the same non-rehypothecation custody model it uses for bitcoin-backed loans. No fixed launch date or specific loan terms have been announced.
The planned lending product would allow users to borrow against their tokenized gold holdings. This is a distinct step from the trading and custody support that went live on June 18; the loan feature remains a stated intention, not a shipped product.
Competitor coverage from CryptoBriefing framed the update as a shift from Bitcoin-focused lending toward a combined hard-assets and stablecoin system. That reporting did not include Ledn’s stated regional exclusions or its issuer-side regulatory disclosures, areas where the full picture adds important context for prospective users.
With reporting mandates tightening for crypto transactions in several markets, platforms that can demonstrate audited reserve backing and clear custody models may hold an advantage as institutional and retail demand for tokenized commodities grows.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
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