XAUT – DIGIT INFO

Tether launches gold-backed, US dollar stablecoin Alloy

DIGIT — Mon, 17 Jun 2024 18:30:00 +0000

The new synthetic dollar is the first step in the rollout of a real-world asset tokenization platform, said Tether.

Go to Source

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

DIGIT — Thu, 16 May 2024 14:15:59 +0000

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

Go to Source

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

DIGIT — Sun, 24 Mar 2024 20:00:05 +0000

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 […]

Go to Source

Dubai Multi Commodities Centre to Issue Gold Backed Tokens Using the Xinfin Blockchain Protocol

DIGIT — Wed, 23 Nov 2022 19:00:39 +0000

The Dubai Multi Commodities Centre (DMCC) has announced a new partnership with the firm Comtech Gold in order to digitize gold trading. The DMCC said the tokenized precious metals are backed by DMCC Tradeflow-registered gold bars, and each tokenized gold bar “will be backed by a Tradeflow warrant.” DMCC to Digitize Tradeflow-Registered Gold Bars via […]

Go to Source

These Are the Crypto Economy’s 5 Most Expensive Assets per Unit in August 2022

DIGIT — Tue, 09 Aug 2022 17:30:41 +0000

On July 18, 2021, Bitcoin.com News researched the top five most expensive crypto assets and at that time there were two digital currencies worth five digits in value, two tokens worth four digits in U.S. dollar value, and one valued at three digits. Today, a lot has changed but currently, bitcoin and the token yearn […]

Go to Source

2 Tokenized Gold Crypto Projects Saw Massive Growth Over the Last 15 Months

DIGIT — Mon, 06 Jun 2022 18:00:51 +0000

15 months ago the price of one ounce of fine gold was $1,790 per ounce and since then, it has increased in value 3.51% to today’s $1,853 per ounce exchange rate. While gold has risen in value, the top two tokenized gold coins have grown significantly since then. Pax gold (PAXG), for instance, has seen […]

Go to Source

Tokenized Gold Market Caps Grew Significantly Last Month as Fresh Demand Drives Premiums

DIGIT — Wed, 23 Mar 2022 15:30:11 +0000

While gold tapped an all-time high (ATH) this year surpassing $2K per ounce, the top tokenized gold crypto assets by market valuation continue to see significant demand, premiums, and market capitalization growth. For instance, Paxos Trust Company’s PAXG market cap jumped more than 43% in 31 days from $424 million to today’s $611 million. PAXG […]

Go to Source

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

DIGIT — Thu, 10 Mar 2022 16:20:00 +0000

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

Go to Source

Demand for Gold-Backed Tokens Brings Premiums as Precious Metal’s Value Jumps Higher

DIGIT — Sat, 19 Feb 2022 16:30:14 +0000

While stocks and cryptocurrency markets have floundered during the last week, the price of the precious metal gold has increased in value by 3.85% during the last seven days. An ounce of fine gold jumped from $1,826.92 on February 10, to $1,897.36 per ounce on February 19. Additionally, the top gold-backed crypto coins today have […]

Go to Source

2 Gold-Backed Crypto Asset Market Caps Near $1 Billion, XAUT Jumps 19,000% in 23 Months

DIGIT — Tue, 25 Jan 2022 19:00:29 +0000

While reserve-backed crypto assets and stablecoin market valuations increased a great deal during the last year, gold-backed cryptocurrencies have also seen their market caps swell. Between the tokens tether gold and pax gold, the market valuations of these two gold cryptos are nearing a billion dollars in value with $742 million today. Tether Gold’s Market […]

Go to Source