Tether-Backed Antalpha Loses $22M on Gold Bet as Loan TVL Plunges $696M
DeFi
The total value locked (TVL) of Antalpha's facilitated loan book dropped by $696 million in the second quarter of 2026, settling at $1.353 billion. Aurelion, a subsidiary of the firm, generated $22.3 million in losses linked to positions in the tokenized gold assets XAUt and XAUE. Quarterly revenue decreased by 28% year-over-year to $12.
USDT
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