Woofun AI reports that Tether Gold has integrated with crypto lending platform Ledn, planning to launch XAUT collateral lending services this year. Tether stated that XAUT is backed 1:1 by physical gold stored in Swiss vaults, with each token corresponding to 1 troy ounce of gold, currently representing approximately $23 billion in gold reserves.

Ledn confirmed that user-provided XAUT collateral will remain held at a 1:1 ratio and will not be lent out or utilized to generate income.