News with the tag "XAUT"

While spot bitcoin exchange-traded funds yesterday registered their largest-ever daily outflow as investors pulled out nearly $1 billion, spot gold ETFs continue to see large inflows, a potential boon for gold-backed cryptocurrencies. Physically-backed gold ETFs last week saw their largest weekly in...

Cryptocurrencies backed by gold have underperformed over the week as the price of the precious metal saw a significant drop after moving up more than 10% so far this year. The decline came as speculation surrounding Trump’s tariffs being a negotiating tool. Gold-backed tokens, including Paxos gold (...

Major financial institutions have been raising their gold price forecasts as the precious metal’s price benefits from growing trade war fears and central banks' accumulations. This week, strategists at both Citi and UBS issued increased gold price forecasts, anticipating the precious metal’s bull ru...

Gold-backed cryptocurrencies are outperforming the wider market amid a historic rally for the precious metal, which is up around 9.7% so far this year to a new record of $2,880 per ounce amid growing trade war tensions. PAX gold (PAXG) and Tether gold (XAUT) have benefitted greatly from the precious...

So close yet so far – that's the story for bitcoin (BTC) this Friday morning, as its price rally has stalled just shy of record highs amidst a continued rally in gold (XAU), traditional risk assets, and crypto tokens associated with them. BTC, the leading cryptocurrency by market value, changed hand...

Stablecoin issuer Tether (USDT) is announcing new plans to launch a new digital asset pegged to the Dirham (AED), the currency of the United Arab Emirates (UAE). In a new press release, the firm behind USDT says that it will be working closely with the nation’s central bank as well as blue-chip tech...

Tether announced on July 27 that it had teamed up with TokenPocket to support USDT on TON. According to Tether, this integration enhanced the functionality of USDT in the TON ecosystem. Coingecko data shows that the USDT stablecoin had the highest market share in terms of market capitalization and c...

Tether has announced the launch of Alloy, its very own synthetic dollar backed by Tether Gold.

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

Gold market analyst Jan Nieuwenhuijs has recently examined the state of the precious metal market, revealing a significant surge in gold prices owes much to the dual engines of demand: the private market and the People’s Bank of China (PBOC). According to Nieuwenhuijs, the Chinese private sector’s g...