Bybit has launched a new product allowing users to earn yield on Tether Gold (XAUT), the largest tokenized gold offering available. The product converts tokenized gold, traditionally a passive store of value, into an income-generating instrument while preserving exposure to gold prices. The company says the move is part of a broader expansion into tokenized real-world assets beyond conventional crypto trading.
The trend is gaining momentum across the industry. Earlier this week, tokenization platform Theo unveiled a $100 million structured investment facility supporting its gold-linked, yield-bearing stablecoin, thUSD, which hedges price risk by shorting gold futures to generate returns from financing and derivatives spreads.
Despite gold’s recent sharp decline of roughly $1,000 from its peak above $3,500 per troy ounce, the tokenized commodities market surpassed $6 billion in February, driven largely by the metal’s historic rally, according to Cointelegraph.
Originally reported by CoinTelegraph.
