Tokenized gold is moving deeper into crypto lending. Debt backed by XAUT on Aave has reached the protocol's $25 million cap, while Arch Lending has added lending support for the two largest gold tokens. Arch co-founder and CTO Himanshu Sahay says market demand for using gold as productive collateral is growing.
Tokenized gold is pushing further into crypto lending. On Aave, debt backed by XAUT has climbed to the $25 million cap; meanwhile, Arch Lending has added loan support for the two largest gold tokens.
Himanshu Sahay, co-founder and chief technology officer of Arch, said demand is growing for using gold as productive collateral in the market. (Crypto.news)
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