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Crypto
Tether\'s gold token XAUT approved in Abu Dhabi, expands regulatory coverage after USDT
Tether Gold (XAUT) has been approved as a spot commodity in Abu Dhabi Global Market (ADGM), enabling regulated firms in the financial centre to provide services tied to the tokenised gold asset. The move follows ADGM’s acceptance of Tether’s dollar-pegged stablecoin USDt (USDT) as a fiat-referenced token. Data cited show XAUT’s total value locked rising more than threefold over a year, while firms plan additional uses such as loan collateral.
Crypto
Bitcoin finance platform Strike launches collateralised loan without margin calls
Bitcoin financial services platform Strike has launched a bitcoin-backed loan product that does not trigger margin calls or price-based forced liquidation even if bitcoin prices fall sharply. The product reduces liquidation risk in bear markets but comes with higher interest rates of 10.7 to 14.2 percent, a six-month term and strict repayment requirements. If borrowers miss payments, they must pay within 10 days or contact Strike, or collateral may be liquidated.
Crypto
BlackRock\'s 1 to 2 percent bitcoin allocation guide could turn into selling wall in rallies
BlackRock’s guidance to allocate 1 to 2 percent of a multi-asset portfolio to bitcoin is being watched as a sign of broader institutional investing. Some in the market say the rule could create selling pressure in strong rallies because advisers may need to sell bitcoin to keep portfolio weights on target. Others cite factors that could reduce forced selling, including wider rebalancing bands, tax-advantaged accounts, growing options markets and using bitcoin as collateral.
