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Bybit Launches ‘XAUT Earn’ to Pay Interest on Tokenized Gold

The exchange is targeting investors who want income on gold-like exposure by turning Tether Gold balances into yield-bearing accounts.

Overview

  • Users can choose between flexible staking and fixed-term savings to generate returns on Tether Gold (XAUT).
  • Bybit positions the release within a broader strategy to expand into tokenized real‑world assets to meet demand for capital preservation with income.
  • Tether Gold is the largest tokenized gold asset at nearly $3 billion in market value, as tokenized commodities overall topped $6 billion in February.
  • Gold set a record on January 29 and has since retreated by roughly $1,000 as expectations for rate cuts eased and the dollar strengthened.
  • Yield-bearing tokenized products can introduce counterparty or derivatives risk versus holding physical bullion or standard gold ETFs, which typically pay no income.