Binance Adds Tether Gold as Collateral for Two Crypto Loan Products

The exchange said Tether Gold (XAUT), a gold-backed token, can now be used as collateral for Flexible Rate Loans and VIP Loans on its platform.

XAUT

Summary

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Terms & Concepts
  • Tether Gold (XAUT): A gold-backed token designed to represent ownership of physical gold on blockchain rails.
  • Collateral: An asset pledged to secure a loan, which lenders can claim if repayment terms are not met.
  • Flexible Rate Loans: Crypto-backed loans with interest rates that can adjust over time based on platform terms or market conditions.