CryptoSlate

Tether-Backed Firm Loses $696 Million in Loans as Gold Bet Wipes $22 Million

August 20, 2026•05:00 PM

Tether-backed Antalpha has experienced a staggering $696 million decline in loan Total Value Locked (TVL) as its gold bet resulted in a $22 million loss. The company's facilitated loans plummeted to $1.353 billion, with guidance pointing to even weaker second-quarter results. The volatility in both digital and traditional asset markets continues to challenge fintech firms, with Aurelion's gold positions dominating the earnings swings. This significant TVL decline at Antalpha signals growing challenges for crypto companies seeking to diversify revenue streams, while investors closely monitor the firm's ability to recover from these substantial losses.

Tether-backed Antalpha has navigated turbulent waters as its loan Total Value Locked (TVL) plummeted by $696 million. The crypto lending platform saw its facilitated loans drop to $1.353 billion, marking a concerning decline that has raised eyebrows throughout the digital asset industry. The firm's gold positions, managed through Aurelion, contributed to a $22 million loss, further compounding Antalpha's financial challenges. With guidance indicating even weaker performance expected in the second quarter, the company faces mounting pressure to reassess its investment strategy and identify more stable revenue streams in the volatile crypto ecosystem.

This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.

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