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ShenChao TechFlow news: On June 28, Tether’s tokenized gold product Tether Gold (XAUT) was integrated into the crypto lending platform Ledn, and plans to launch XAUT-collateralized lending services later this year. Tether said that XAUT is backed 1:1 by physical gold stored in Swiss vaults, with each token corresponding to 1 troy ounce of gold; it currently represents approximately $23 billion in gold reserves. Ledn said that XAUT users use as collateral will continue to be custodied on a 1:1 basis and will not be lent out or used to generate yield #PAXG