XAUt, Tether’s Bid to Return to the Gold Standard

The physical gold-backed stablecoin seeks to digitally revive this abandoned 1970s monetary system.

Continue reading XAUt, Tether’s Bid to Return to the Gold Standard at DailyCoin.com.

View Details

Gold-backed cryptos are shining in 2022, market cap hits $1B for the first time

PAX Gold did most of the weightlifting in pushing the gold token market cap above the $1 billion-milestone, outperforming Tether Gold.

View Details

Scarce Open Market Supply of Top Two Gold Tokens as Concentration Levels Run High Among Top Holders

Over the last six months, the value of an ounce of gold has witnessed a 3.8% surge in relation to the U.S. dollar. Within the realm of cryptocurrencies, there exist two noteworthy tokens backed by gold: pax gold (PAXG) and tether gold (XAUT). Together, these tokens amass a considerable worth of nearly $1 billion. Although [...]

The post Scarce Open Market Supply of Top Two Gold Tokens as Concentration Levels Run High Among Top Holders appeared first on Crypto Breaking News.

View Details