Gold-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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GoldBacked
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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, …
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Markets
Gold-backed Tokens Underperform While Wall Street Calls for Dip Buying in Precious Metal
by shayaanby shayaanCryptocurrencies backed by gold have underperformed over the week as the price of the precious metal saw a significant drop after moving …
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Markets
Gold-Backed Tokens Set to Benefit as Wall Street Goes Even More Bullish After Record Rally
by shayaanby shayaanMajor financial institutions have been raising their gold price forecasts as the precious metal’s price benefits from growing trade war fears and …