Peter Schiff, vocal proponent of gold and a longtime critic of cryptocurrencies and bitcoin BTC, said he intends to launch his own …
GoldBacked
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Kyrgyzstan plans to use USDKG, a gold-backed stablecoin, as legal tender to support financial modernization. The country saw crypto mining tax revenue …
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Finance
BRICS may adopt Ripple’s XRP to bypass dollar in gold-backed trade push
by shayaanby shayaanRussia’s SWIFT exclusion in 2022 spurred alternative system planning. BRICS members seek autonomy in international settlements. XRP’s speed and cost-efficiency seen as …
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Adoption
BlackRock’s Bitcoin Trust surpasses gold-backed ETF inflows despite the precious metal’s historic rally
by shayaanby shayaanBlackRock’s iShares Bitcoin Trust (IBIT) has attracted more capital this year than the largest gold-backed ETF. On May 6, Bloomberg Senior ETF …
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Finance
Kyrgyzstan’s Gold-Backed Dollar Pegged Stablecoin USDKG to Debut in Q3
by shayaanby shayaanCentral Asian country Kyrgyzstan plans to debut the Gold Dollar, or USDKG, the gold-backed stablecoin pegged 1:1 with the U.S. dollar in …
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Markets
Gold-Backed Crypto Minting Volume Hits 3-Year High as Central Bank Buying Drops
by shayaanby shayaanThe gold market is seeing a shift in activity, with central bank buying slowing and demand from exchange-traded funds and gold-backed cryptocurrencies …
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Markets
Gold-Backed Cryptocurrencies Retreat From All-Time Highs Amid Stock-Market Rout
by shayaanby shayaanGold-backed cryptocurrencies like Paxos Gold (PAXG) and Tether Gold (XAUT) retreated from record highs on Friday amid a global financial-markets sell-off that …
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Markets
Gold-Backed Tokens Outperform as ‘Bond King’ Gundlach Sees Precious Metal Hitting $4,000
by shayaanby shayaanGold has been on a strong run, surpassing $3,000 for the first time last week, and now there are calls for even …
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Kyrgyzstan launched USDKG, a gold-backed stablecoin, shifting focus from central bank digital currency (CBDC) to asset-backed digital alternatives. USDKG aims to build …
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Adoption
USDT will save dollar from gold-backed BRICS currency says Tether CEO Paolo Ardoino
by shayaanby shayaanPaolo Ardoino, CEO of Tether, stated today that USDT stablecoin adoption in developing nations effectively creates a decentralized market for US debt, …