Tether Gold (XAUT) Recognized as Accepted Spot Commodity in Abu Dhabi Global Market
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- Tether Gold (XAUT) has been recognized as an Accepted Spot Commodity in Abu Dhabi Global Market (ADGM), enabling regulated firms to offer services involving the tokenized gold asset.
- This follows USDt's prior acceptance and supports business growth, with XAUT's TVL tripling to $2.86 billion.
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Warum es wichtig ist
Tether Gold (XAUT) has been recognized as an Accepted Spot Commodity in Abu Dhabi Global Market (ADGM), following ADGM’s earlier acceptance of Tether’s USDt as an Accepted Fiat Referenced Token. This designation aims to give regulated firms a clearer path to offer XAUT and support business growth.
Tether Gold (XAUT) has been recognized as an Accepted Spot Commodity in Abu Dhabi Global Market (ADGM), allowing firms in the international financial center to offer services involving the tokenized gold asset if they hold the required regulatory permissions.
The recognition follows ADGM’s earlier acceptance of Tether’s USDt (USDT) as an Accepted Fiat Referenced Token, extending the company’s regulated product lineup in one of the Middle East’s largest international financial centers.
Tether CEO Paolo Ardoino said the designation gives regulated firms a clearer path to offer XAUT, while ADGM said it would support business growth by expanding the products and services available to companies operating in the financial center.
DefiLlama data shows Tether Gold’s total value locked (TVL) has more than tripled over the past year, rising from about $826 million to roughly $2.86 billion.
Tether Gold is also finding new uses beyond trading and custody. In June, Bitcoin lending platform Ledn announced plans to add XAUT as loan collateral later this year, allowing clients to borrow against their tokenized gold holdings without selling them.
According to RWA.xyz, tokenized commodities have a distributed value of about $4.46 billion and account for nearly 13% of the roughly $34.73 billion tokenized real-world asset market.
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Ledn will add XAUT as loan collateral.
Wahrscheinlich · Innerhalb von Monaten
Offene Fragen
- Which specific firms will begin offering XAUT services?
- What is the expected timeline for Ledn to add XAUT collateral?
- How will this impact ADGM's overall crypto regulatory framework?
