Kaiko analysts: gold-backed stabelcoins are growing in popularity worldwide
February 24, 2022
Renat
0
Analysts have posted a report from which it follows that amid high inflation and ongoing geopolitical tensions, the popularity of gold-backed stablcoins is growing. The authors of the report argue that the largest gold-backed steiblocoin trades are PAX Gold (PAXG) with a market capitalization of $420 million and Tether Gold (XAUT) with a market capitalization of $200 million.