Bybit launches yield product for tokenized gold XAUT

Cryptocurrency exchange Bybit has launched a yield-bearing product that lets holders earn interest on Tether Gold (XAUT), converting a traditionally passive store of value into an income-generating asset while maintaining exposure to gold prices. Bybit said the offering is part of its push into tokenized real-world assets (RWAs).

Tether Gold’s market cap reached nearly $3 billion earlier this month, and applying yield models to tokenized assets is gaining traction across the industry. Earlier this week, tokenization platform Theo unveiled a $100 million structured investment facility to back its gold-linked, yield-bearing stablecoin thUSD.

That model involves buying tokenized gold and hedging price risk by shorting gold futures, aiming to generate returns from financing and derivatives market spreads rather than outright price moves.

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