Ledn now lets clients borrow against Tether Gold (XAUt), with loans issued and repaid in USDT or USAt and no scheduled monthly payments. The collateral is held one-to-one under Ledn’s custodied model, not rehypothecated or lent out, and the rollout excludes Canada and the EU. The timing is the angle: tokenized commodities now make up nearly 17% of a $43B tokenized financial-asset market, while XAUt’s market cap has already peaked around $2.89B.

TLDR by @Benthic

More on USAT

Comments