Gold on chain this wave of moves is quite stable; Tether put XAUT into lending, physical backing + liquidity unlocking, old money and new money can finally sit at the same table.

CoinWorld reports that Tether has expanded the use of its $23 billion gold reserves by introducing XAUT to the Ledn platform. In the future, XAUT can be borrowed and is also supported for BTC and USDT. XAUT is pegged to physical gold: each token represents one troy ounce of gold stored in a Swiss vault, aiming to digitize gold, unlock liquidity, and expand its USDT profit-driven core business.