Tether Gold Integrates with Lighter Core via Ethereum Contract

Tether Gold has announced that XAUT deposits are now live on Lighter Core via an Ethereum contract, allowing the asset to be used as future collateral.

This development is significant for investors who hold Tether Gold, as it provides a new use case and potential revenue stream for their holdings. Paolo Ardoino highlighted the launch of XAUT deposits on Lighter Core in a recent announcement.

The current price action of Tether Gold is holding above both the EMA50 at $4446.53 and the EMA200 at $4277.04, indicating a bullish trend. Additionally, the MACD has confirmed a golden cross at 52.02, further supporting this view.

However, with the price pressing against the upper Bollinger band at $4656.73 and the RSI(14) at 73.22 showing overbought conditions, a measured pullback toward the 50-EMA support appears likely before the next leg higher in Tether Gold's price action.