← The Polylog Crypto Intelligence Brief
Morning Edition · Sunday, June 28, 2026
Tether Turns Its $23 Billion Gold Hoard Into a Lending Business
The largest stablecoin issuer will let holders of its tokenized gold borrow against their bullion, expanding the company into commodity finance.
Tether, the issuer of the largest stablecoin, is using its roughly $23 billion gold stockpile to offer loans backed by bullion, CoinDesk reported. Holders of XAUT, Tether's token backed by physical gold, will be able to borrow against their…
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