Ledn and Tether Partner to Offer Gold-Backed Loans Secured by Bitcoin
1 report, 1 independent
Updated Mon 00:00
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What happened
Ledn announced a partnership with Tether to offer XAUT loans. These loans are backed by Tether Gold and secured by Bitcoin investments. Ledn stated that the company plans to launch the product in the coming weeks.
From el-balad.com
Why it matters
The partnership aims to provide investors with financing tied to gold without relying on local government risk. Tokenized gold allows for global access to claims on physical gold. This new lending product challenges established financial services by offering standardized, global financing based on digital assets.
A partnership was established to propose loan products secured by Bitcoin collateral.
From el-balad.com
Who's involved
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The entities involved
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Bitcoin
digital cash system and associated currency