Tether CEO Confirms Ledn Deal for XAUT Tokenized Gold-Backed Loans

On June 29, Tether CEO Paulo Ardoino confirmed the partnership with Ledn to enable XAUT holders to use tokenized gold as loan collateral. The June 27 announcement introduced immediate trading and holding of XAUT on Ledn’s platform, with gold-backed loans slated for later in 2026. XAUT circulation stands at 707,747 ounces, backed by Tether’s estimated $23 billion in gold reserves stored in Swiss vaults. The initiative extends Ledn’s Bitcoin lending model to physical gold collateral held 1:1, allowing borrowing without selling exposure and boosting tokenized real-world asset adoption.