Market Cap of Gold-Backed Tokens Crosses USD 1B as Ukraine War Makes the Metal Shine

The interest in gold-backed stablecoins is on the rise, with inflows accelerating after the aggression on Ukraine started. Following the surge in adoption, the combined market capitalization of the two dominant tokens - pax gold (PAXG) and tether gold (XAUT) - for the first time crossed the USD 1bn mark last week....