Tether, TON team up with mobile app for USDT-to-fiat transactions

The Open Network users will be able to use Oobits Tap & Pay technology to pay merchants in fiat while spending USDT.

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Tethers tokenized gold hits record 7.7 ton backing amid global demand for safe-haven assets

Tether’s tokenized gold product, XAUT, has released its first official attestation, showing that its total backing amounts to 246,523.33 ounces, equivalent to more than 7.7 tons of gold. According to an April 28 statement, XAUT is priced at $3,123.57 per token and has a total market capitalization of $770 million. The token reached an all-time […]

The post Tether’s tokenized gold hits record 7.7 ton backing amid global demand for safe-haven assets appeared first on CryptoSlate.

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Turkish Citizens Seek Refuge in Gold and Stablecoins Amid Surging 67% Inflation Rate

According to February 2024’s latest inflation data, Turkey faces an inflation rate exceeding 67%, amid ongoing currency devaluation and a declining lira against the U.S. dollar. Recent findings suggest that in an effort to safeguard their wealth, Turks are increasingly turning to gold, with smuggling hitting unprecedented levels. Additionally, there is a growing interest among [...]

The post Turkish Citizens Seek Refuge in Gold and Stablecoins Amid Surging 67% Inflation Rate appeared first on Crypto Breaking News.

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Global Interest in Gold-Backed Digital Assets is Expanding

Digital currencies backed by physical gold are becoming increasingly popular for traders, as they provide stability and security.

Continue reading Global Interest in Gold-Backed Digital Assets is Expanding at DailyCoin.com.

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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.

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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.

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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.

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