1047. Tether Gold Crosses All-Time High 🚀Tokenized Gold vs Bitcoin 💰
Apr 6, 2023 ·
27m 36s
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Description
Tokenized gold assets surpassed $1 billion in combined market capitalization on Tuesday, as gold’s price neared its all-time high. Tokenized gold is a type of stablecoin that pegs its price...
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Tokenized gold assets surpassed $1 billion in combined market capitalization on Tuesday, as gold’s price neared its all-time high. Tokenized gold is a type of stablecoin that pegs its price to gold, while the tokens on the blockchain represent ownership of physical gold managed by the issuer. It offers investors a way to get exposure to the precious metal without the management fees of an exchange-traded fund (ETF) or the burden of storing gold bullions. The two largest gold stablecoins – by far – are pax gold (PAXG), issued by the New York-based fintech firm Paxos Trust Company, and tether gold (XAUT), issued by Tether, the same company behind the $80 billion-pegged stablecoin USDT.
~This episode is sponsored by iTrust Capital~
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~This episode is sponsored by iTrust Capital~
iTrustCapital | Get $100 Funding Reward + No Monthly Fees when you sign up using our custom link! ➜ https://bit.ly/iTrustPaul
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| Author | Rever Networks |
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