Ledn has added Tether Gold, or XAUt, to its platform as crypto lenders keep widening the types of collateral they can support beyond bitcoin and dollar stablecoins.

The company said clients can now hold bitcoin and XAUt in Ledn transaction accounts, trade across bitcoin, XAUt, USDT, and USA₮ pairs, and receive or repay loans in USDT or USA₮. XAUt-backed borrowing is not live yet. Ledn says it plans to launch those loans later this year, using the same operating model as its bitcoin-backed loan product.

Why It Matters

The change puts tokenized gold closer to the working plumbing of crypto credit. Tether Gold describes XAUt as a transferable token backed by physical gold and redeemable for physical gold, while Ledn is treating it as a hard-asset collateral type that can sit beside bitcoin in a lending account.

That does not make gold-backed lending decentralized, or risk-free. Ledn remains the lending counterparty and custody provider for the account relationship. The company also says transaction-account and loan-collateral assets are not lent out for interest or used to fund the business, which is a notable promise in a sector still shaped by the failures of the 2022 lending cycle.

CoinDesk reported that the move is part of Tether's broader effort to put its gold position to work through XAUt. The practical read is narrower: a major stablecoin issuer's gold token is being connected to borrow-and-repay flows that already run on stablecoins, giving tokenized commodities another path into crypto market infrastructure.