The market value of tokenized precious metals has exceeded 1 billion US dollars, with PAXG still dominating
RWA.xyz posted on X stating that the tokenized precious metals market has broken through the $1 billion mark, of which: - The market value of Tether's XAUT rose from $384 million to $491 million, becoming one of the main driving forces, while Paxos's PAXG is still the largest product. - Global financial institutions such as HSBC not only provide tokenized gold to retail investors but also support technological advancements, including developing quantum cryptography for tokenized gold. - Further experiments are being conducted under the guidance of gold NFT and stablecoins supported by tokenized gold.
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
US President Donald Trump says was ready to strike Houthis in Yemen, then pulled back
ZAMA gains traction as 24h trading volume surges
Global economy risks fragmentation! Australia bets on AI as a new growth engine
In a potentially more fragmented and unpredictable global economy over the next 40 years, Australia relies on the deployment and development of artificial intelligence (AI) to drive economic growth.
Europe’s aviation fuel “red alert” in the fourth quarter: Shortfall will reach 510,000 barrels/day, South Korea’s exports surge to a four-year high to urgently fill the gap
According to analysts and shipping data, Europe will face a supply gap for aviation fuel in the fourth quarter, even as it turns to distant suppliers such as South Korea. South Korea's aviation fuel exports to Europe in September are set to reach a four-year high.
Crypto prices
More
