# 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.

- Published: 2026-06-28T10:27:45.329Z
- Canonical: https://polylog.news/crypto/2026-06-28/tether-turns-its-23-billion-gold-hoard-into-a-lending-busine
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [CoinDesk](https://www.coindesk.com/business/2026/06/27/tether-putting-usd23-billion-gold-stockpile-to-work-with-bullion-backed-loans)

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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