Collateralized Lending Platform Ledn Adds XAUT as Loan Collateral

CoinFeed, June 18 – Bitcoin collateralized lending platform Ledn announced support for Tether's gold token XAUT as loan collateral, allowing users to "borrow against gold" just as they previously did with Bitcoin. Ledn stated that Tether currently holds approximately $23 billion in physical gold reserves, with each XAUT corresponding to one ounce of refined gold stored in Swiss vaults. This support extends to assets including XAUT, USDT, and USAT. Notably, Tether made a strategic investment in Ledn in November 2025.