Unitas Labs has launched the yield-generating gold asset xGLD, backed by Tether Gold (XAUt)

DeFi infrastructure Unitas Labs announced the launch of the interest-bearing gold asset xGLD, aimed at introducing gold exposure into its product matrix, marking Unitas's expansion from stablecoin infrastructure into more interest-bearing asset domains.

It is reported that xGLD is issued on the Binance Smart Chain and is 100% backed by Tether Gold (XAUt), which represents physical gold. Whitelisted users can mint xGLD using USDT, and the protocol will then lend out the XAUt collateral at a loan-to-value ratio of 70% to generate stablecoins, which will be deployed into yield strategies, with the returns distributed to xGLD holders.

In terms of operational mechanics, the minting fee for xGLD is 0%, and the redemption fee is 0.1%. Ordinary users can obtain this asset through USDT/xGLD swaps on BSC; during redemption, xGLD must be exchanged for XAUt, with a 7-day cooling period before XAUt can be claimed on Ethereum. In the future, this asset is planned to be further integrated as collateral into lending markets, liquidity pools, and other DeFi ecosystems. Additionally, Unitas plans to collaborate with Accountable and Primus to provide reserve proof dashboards and backup data support to ensure the transparency of the collateral.