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Deep Tide TechFlow News, June 28 - Tether's tokenized gold product Tether Gold (XAUT) has been integrated into the crypto lending platform Ledn, and plans to launch XAUT collateralized lending services later this year. Tether stated that XAUT is 1:1 backed by physical gold stored in Swiss vaults, with each token corresponding to 1 troy ounce of gold, currently corresponding to approximately $23 billion in gold reserves. Ledn said that the XAUT used by users for collateral will continue to be custodied at a 1:1 ratio and will not be lent out or used to generate returns.