Tether launches $1.5 billion gold-backed financing for Gold.com

Tether has opened a $1.5 billion gold-leasing credit line for the U.S. merchant Gold.com, allowing the dealer to stock physical gold without upfront capital. Tether, which holds over $12 billion in physical gold and manages the XAUt token, is increasingly positioning itself as a major private provider of physical metal financing in the U.S. as traditional banks retreat from the sector.