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Jul 6, 2026

Tether expands into gold-backed lending and Latin American markets with new partnerships

Stablecoin issuer Tether is launching gold-backed loans through a partnership with Ledn using its XAUT token and investing $20 million in Brazil's Mercado Bitcoin to expand blockchain financial services across Latin America. The moves come as Tether's former CIO seeks to sell his stake in the company.

Jul 6, 2026·8 sources
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Jun 27, 2026

Tether and Ledn to Launch Gold-Backed Lending Service

Tether CEO Paolo Ardoino announced the company will partner with Ledn to offer gold-backed loans later this year, extending utility of Tether's $23 billion gold stockpile beyond reserves.

Jun 27, 2026·1 source
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Top claims

  • ▪Tether issues USDT, a stablecoin designed to maintain a 1:1 value peg with the US dollar.
  • ▪USDT allows cryptocurrency traders to sell volatile assets and preserve capital on-chain without converting funds back into traditional fiat currencies.
  • ▪Tether agreed to an $18.5 million settlement with the New York Attorney General in 2021 and was barred from operating in New York.

Topics

CryptoTokenized securitiesStablecoinsDeFi lendingCommodities, energy & critical mineralsTokenization

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