Tokenized Gold Surpasses $1B in Market Cap as Physical Asset Nears All-Time Price High

📆 05/04/2023 01:12:00
📰 CoinDesk

⏱ Reading Time:
1 sec. here
2 min. at publisher
📊 Quality Score:
News: 4%
Publisher: 63%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

The combined market capitalization of Paxos’ PAXG and Tether’s XAUT, the two largest gold-pegged stablecoins, surpassed $1 billion as the price of gold soared past $2,000 on Tuesday. sndr_krisztian reports

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 or the burden of storing gold bullions.

Write Comment

sndr_krisztian Is gold worth investing in?

sndr_krisztian To be continued..⚡️⚡️

sndr_krisztian With the current state of technology, this project has the potential to make a significant impact on people's lives. I am excited to see how it develops in the future. XircusWEB3 XircusWEB3 nft dApps web3 Cryptocurrency

sndr_krisztian check meldgold for an Algorand gold token

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FTC orders San Diego's Illumina to unwind $7.1B Grail mergerAntitrust regulator reverses previous approval from its its chief administrative law judge; Illumina pledges to immediately appeal in federal court.
Source: sdut - 🏆 5. / 95 Read more »