Anchorage Digital has launched Tether Gold (XAU₮) services for institutional clients, including custody, trading and token-backed loans. The service operates through Anchorage Digital Prime and supports XAU₮ on the Ethereum network.
Clients can borrow USD or USDT by placing XAU₮ with Anchorage Digital Bank or Anchorage Digital Singapore. The parties set the transaction terms themselves, including interest rates, loan-to-value ratios and minimum amounts.
According to Unchained, institutional client activity in XAU₮ on Anchorage’s platform has increased more than 10 times year over year.