TLDR

  • Bybit introduced “XAUT Earn,” enabling users to generate yield on Tether Gold (XAUT)
  • The product provides both flexible staking and fixed-term savings choices
  • Gold reached an all-time high of $5,597.23 per ounce on January 29, 2026
  • Tether Gold’s market capitalization hit nearly $3 billion earlier this month
  • Most gold investment vehicles—like ETFs—don’t provide any yield to investors

(SeaPRwire) –   Bybit, the world’s second-biggest cryptocurrency exchange by trading volume, has rolled out a new product named “XAUT Earn” that allows users to earn interest on tokenized gold holdings.

The product is linked to Tether Gold (XAUT), a digital asset backed by physical gold bullion. Tether Gold is presently the largest tokenized gold product, boasting a market cap of nearly $3 billion.

Bybit is providing two savings options: a flexible staking product and a fixed-term savings product. Both let users generate yield while maintaining exposure to gold’s spot price.

Gold has long been a non-yielding asset. Most gold investment vehicles—such as the SPDR Gold Trust, the world’s largest gold ETF—don’t pay dividends or interest to investors.

Bybit states the launch is a reaction to increasing demand for assets that merge capital preservation with income generation.

The company notes that XAUT Earn is part of a broader effort to enter tokenized real-world assets (RWAs), expanding beyond traditional cryptocurrency trading products.

Gold’s Record Run and Recent Pullback

Gold reached an all-time high of $5,597.23 per ounce on January 29, 2026, fueled by central bank purchases and investor demand for safe-haven assets. Prices had jumped more than 70% over the prior year.

Since that peak, gold has dropped by approximately $1,000. Analysts cite lower expectations for Federal Reserve rate cuts, rising real yields, and a stronger US dollar as contributing factors.

Bank of America’s global fund manager survey labeled long gold as the most crowded trade in markets as prices were approaching their peak in January.

Gold’s premium compared to its long-term trend also hit its highest level since 1980, per Bloomberg.

Tokenized Gold Market Continues to Grow

Even with the price pullback, the tokenized commodities market exceeded $6 billion in February 2026, mostly driven by gold’s earlier rally.

Earlier this week, tokenization platform Theo unveiled a $100 million structured investment facility to support its gold-linked, yield-bearing stablecoin, thUSD. The model shorts gold futures to hedge price risk and generate returns from financing spreads.

Bybit’s yield product operates differently, focusing on enabling users to earn passive income directly on their XAUT holdings.

It’s important to note that yield-bearing structures on tokenized assets may carry extra counterparty or derivatives risk compared to holding physical or spot-backed gold.

Bybit is not listed on any stock exchange.

This article is provided by a third-party content provider. SeaPRwire (https://www.seaprwire.com/) makes no warranties or representations regarding its content.

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