Ledn, a bitcoin-backed lending platform, has added support for Tether's XAUT gold token. This move allows users to borrow against their gold holdings, similar to how they can borrow against Bitcoin, reflecting a growing demand for digital assets that combine ownership with financial flexibility.
The integration of a gold-backed token onto a crypto lending platform signifies a growing trend of bridging traditional assets with decentralized finance, offering users greater flexibility and access to collateralized lending options beyond cryptocurrencies.
Ledn, a prominent platform for bitcoin-backed lending, announced on Thursday that it has integrated support for Tether's XAUT gold token. This new feature will enable users to take out loans using their gold holdings as collateral, mirroring the existing functionality for Bitcoin-backed loans.
Tether and Ledn have a pre-existing relationship, highlighted by Tether's strategic investment in the lending platform in November 2025. Tether, known for its USDT stablecoin, reportedly holds approximately $23 billion in gold bullion, with each XAUT token backed by one fine Troy ounce of physical gold stored in Swiss vaults.
Paolo Ardoino, CEO of Tether, commented that the inclusion of XAUT, alongside USDT and USAT, expands financial opportunities and underscores the increasing significance of digital assets in contemporary financial markets. Ledn's infrastructure is designed for secure custody, risk management, and liquidation processes, having facilitated over $10 billion in loans since 2018.
Adam Reeds, co-founder of Ledn, clarified that this expansion does not detract from Bitcoin's central role in their clients' wealth-building strategies, but rather positions gold as a complementary hard asset, applying similar principles of value preservation.