YO today launched yoGOLD, the first on-chain gold yield vault for institutional users, based on Tether Gold (XAUt). By depositing XAUt into the YO platform, users can earn on-chain yields while holding gold tokens. XAUt is a gold token issued by Tether, with each token representing approximately 1 troy ounce of LBMA-certified physical gold, custodied in Swiss vaults. Previously, market demand for tokenized gold and related collateral/yield scenarios has continued to heat up.
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YO today launched yoGOLD, the first on-chain gold yield vault for institutional users, based on Tether Gold (XAUt). By depositing XAUt into the YO platform, users can earn on-chain yields while holding gold tokens. XAUt is a gold token issued by Tether, with each token representing approximately 1 troy ounce of LBMA-certified physical gold, custodied in Swiss vaults. Previously, market demand for tokenized gold and related collateral/yield scenarios has continued to heat up.