Antalpha wan put $40 Million for Tether Gold (XAUt), go make gold-backed crypto loans plenty for institutional crypto lending and mining by 2026
Antalpha, wey be fintech company wey dey focus on Bitcoin mining finance, don talk say dem go put up to $40 million inside Tether Gold (XAUt) by June 2026. This plan na to make Antalpha get different-different assets and to protect demsef from up and down for economy, with gold-backed stablecoin wey big companies fit trust. Each Tether Gold (XAUt) token get one troy ounce of real gold wey back am, and dem go use am as main security for Antalpha loan business, with BTC and other mining assets. Na for first time Antalpha go collect XAUt and GPUs as collateral for crypto loans and financing, to give people more options for loan when market no sure. New partners like Northstar go help dem give margin loans for Ethereum (ETH) for Antalpha Prime. The company go still launch online portal wey go show everything about XAUt and im gold reserves straight, to make people trust dem more and see wetin dey happen. When dem announce am, XAUt market value be $807 million, dem dey sell am for $3,275, and 7.7 tons of real gold dey back am. This move show say more and more people dey use gold-backed tokens to make things stable, manage risk, and get different assets for institutional crypto lending, and e go help Thailand wey dey move forward with stablecoin and digital finance rules.
Bullish
Wetin Antalpha don do, wey dem integrate Tether Gold (XAUt) as big collateral for dia mining and crypto lending services, just show say plenty big big companies don dey accept gold-backed crypto. Dis one go helep make XAUt price stable. Di $40 million wey dem don promise to invest, plus di way dem don open dia hand to accept more collateral, and di partnerships for margin loans, go boost di demand and make XAUt easy to buy and sell. Dem don also make am more transparent, and Thailand don get laws wey favor stablecoins, all dis go make people trust am more. Historically, as crypto financial institutions dey make dis kind strategic moves, e dey always cause continuous demand and make di price of di main asset—for dis case, XAUt—go up. So, we dey see say Tether Gold go do well for short and long term.