Inflation and tariff instability drive the market value of "tokenized gold" close to 2 billion US dollars
According to CoinDesk, due to geopolitical and tariff uncertainties, tokenized gold assets have recently performed strongly, with a market value approaching $2 billion, becoming a safe haven hotspot in the crypto market. A report from CEX.IO shows that since Trump took office on January 20th, the trading volumes of Paxos Gold (PAXG) and Tether Gold (XAUT) have increased by 900% and 300% respectively. The price and demand for gold-related tokens are soaring in sync, showing a strong trend of capital hedging. Their market value has grown by 21% since the beginning of the year, far exceeding stablecoins (+8%) and Bitcoin (-19%) over the same period.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CICC: If Hassett Becomes Fed Chair, US Treasury Yields and the Dollar May First Fall Then Rise
Today's Fear and Greed Index is 20, still at the level of Extreme Fear.
WisdomTree launches new tokenized fund, bringing options yield strategies to the blockchain
Trending news
MoreCrypto prices
More
