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 [...]

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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 [...]

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