Tether putting $23 billion gold stockpile to work with bullion-backed loans

Tether is leveraging its $23 billion gold reserve by offering loans secured by its gold-backed token, XAUT, allowing holders to borrow against their gold without selling it. This mirrors the model of bitcoin-backed loans, providing a new financial tool for investors in the precious metals market. The move highlights Tether's commitment to expanding its asset-backed offerings, potentially attracting more investors seeking secure lending options tied to tangible assets. This strategy could reshape how digital and traditional assets interact in the financial ecosystem.