Iran and Russia are reportedly working together to establish a new gold-backed digital currency that will help each nation avoid sanctions imposed by the United States. Many experts are saying this is...
Tag: Goldbacked
Russia & Iran, Join Hands for Gold-backed Stablecoin: Facilitation of International Settlement in Purview
Russia and Iran are both economically sanctioned and looking for ways to circumnavigate them. They are joining hands for a gold-backed stablecoin to facilitate international settlement. The Russian ...
Russia Mulls Gold-backed Stablecoin, Lawmaker Confirms After Iran Visit – Finance Bitcoin News
Russia may issue a stablecoin backed by gold to use in international settlements, a high-ranking member of the Russian parliament has admitted. The matter has been discussed during a recent visit to I...
Iran and Russia Consider Issuing Gold-Backed Stablecoin, Officials Unveil – Finance Bitcoin News
Tehran and Moscow are discussing the possible launch of a stablecoin for international settlements, the Russian press revealed. In order to mint the gold-backed currency, however, authorities would ne...
Iran and Russia Jointly Working on Gold-Backed Stablecoin
The two countries shall use this stablecoin to facilitate cross-border transactions and foreign trade between the two. Amid the changing global geopolitical scenario, Iran and Russia have come togethe...
Gold-Backed Stablecoin to be Launched by Iran and Russia
Iran and Russia are exploring the possibilities for a gold-backed stablecoin. Will it establish a new economic order? Governments worldwide replaced the gold standard with fiat money in the 20th centu...
Iran and Russia to develop a gold-backed cryptocurrency
Iran and Russia are reportedly cooperating to jointly issue a new cryptocurrency/stablecoin backed by gold that will avoid having to use the US dollar. According to the Russian Vedomosti news agency,...
Iran and Russia begin working on gold-backed Stablecoins
As per a recent report, Iran and Russia have begun working on gold-backed stablecoins. The stablecoin aims to replace fiat currencies such as the U.S. Dollar, Russian Ruble, and Iranian Rial in cross-...
PAXG Price Prediction – Where Will the Gold-Backed Crypto Go in 2023
Join Our Telegram channel to stay up to date on breaking news coverage 2022 has been a wake-up call for several cryptocurrency enthusiasts. They are no longer content by investing in assets that don’t...
Gold-Backed Digital Assets Were Issued By Russia’s Biggest Bank
Sber, which was formerly known as Sberbank, is the largest bank in Russia. They just made an announcement that they will be launching the world’s first gold-backed digital financial assets (DFAs...
Russia’s largest bank issued gold-backed digital financial assets
Russia’s largest bank Sber — formerly known as Sberbank — reported the first issue of gold-backed digital financial assets (DFAs). The bank considers DFAs to be a “great alternative” to investments am...
Economists Discuss Russia, China Potentially Developing Gold-Backed Currency That Could Undermine US Dollar – Economics Bitcoin News
Economists have weighed in on reports that China and Russia may be developing a new gold-backed currency that could undermine the U.S. dollar’s status as the world’s primary reserve currency. Russia a...
Russia, China may be preparing new gold-backed currency, but expert assures US dollar ‘safest’ currency today
China and Russia may be working toward a new gold-backed currency in a move that would aim to dethrone the dollar as the primary reserve currency of the world, but any such currency would unlikely ach...
Gold-backed ETFs see net outflows for 17 straight weeks
Despite a challenging macroeconomic outlook, gold refuses to become the safe-heaven asset that it was in previous market downturns. The strength of the US dollar had a lot to do with gold trading belo...
SEC Charges Crypto Firms for Alleged Scam With ‘Gold-Backed’ Ethereum DIG Token
The U.S. Securities and Exchange Commission hasn’t forgotten about the 2017 ICO craze. The SEC filed charges on Friday against four men behind Bermudan company Arbitrade Ltd., Canadian firm Cryptobont...
Investing in Gold-Backed Cryptos When Inflation Explodes
Advertisement     When it comes to cryptocurrencies, there are various factors that investors consider when making decisions. One such factor is inflation, which can s...
What is a gold-backed token and how does it work?
What is a gold-backed cryptocurrency? A gold-backed cryptocurrency is a type of digital currency that is backed by physical gold. The currency’s value is based on the current market price of gold and ...
The Future of Gold-Backed Cryptocurrencies – An Investor’s Perspective
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and tech...
This Gold-Backed Token Offers Safe Haven For Investors
Gold has been used as security or collateral for time immemorial. Today, the crypto market is gradually getting introduced to a new type of crypto token backed by gold. Coins that are supported by gol...
What Is the Importance of a Gold-Backed Cryptocurrency Today? Should you get involved in the latest cryptocurrency craze?
The world economy has been suffering from the impacts of the COVID-19 pandemic, and then attention turned to the ongoing conflict between Russia and Ukraine. Kristalina Georgieva, the managing direct...
Investors Cling to Gold-Backed Cryptos, Following Massive Market Crash
Key Insights: The recent crypto sell-offs have diverted investors to commodity-backed cryptos like gold. Some gold-pegged cryptos to watch for investments include PAXG, XAUt, and DGX. Gold price estim...
Investing in Gold-Backed Crypto – Discovering the AABB Gold Token
Gold is a popular safe-haven asset because of its limited supply and hedging power against inflation. At the same time, however, owning and moving a sizeable physical amount of gold can be complicated...
As Crypto Takes a Nosedive, Gold-Backed Tokens Ensure Investors Won’t Crash
The crypto market is on a downward spiral, with Bitcoin plunging almost 50 percent below its peak price. In an even more dramatic slump that’s now making all the headlines, Terra’s LUNA dropped 97 per...
Gold-Backed Tokens On Crypto World
Most of the gold-backed tokens exist as ERC-20 standard tokens. More than 3.5 trillion dollars of PAXG gold is utilized for financial purposes. Modern gold-backed tokens ( commodity collateralized sta...
Gold-backed digital assets outperform Bitcoin, Ethereum
With the crypto market going through circles of red runs, gold-backed stablecoins like Pax Gold (PAXG) and Tether Gold (XAUT) are defying the odds and are returning positive returns for their investor...
Gold-backed cryptos are shining in 2022, market cap hits $1B for the first time
The market capitalization of gold-backed crypto tokens increased by 60% in 2022 to surpass $1 billion for the first time in history, according to Arcane Research in its latest weekly report. Gold shi...
War, Inflation, & Geopolitical Tensions Bring Gold-Backed Crypto Tokens To $1B
In the first few months of 2022 macro uncertainty has been felt in the crypto and traditional markets as economic, regulatory, and political scenarios unfold. Historically, investors see gold as a rel...
Gold-Backed Tokens Outperform Crypto Market. Further Upside Coming?
The crypto market has been on a recovery trend lately. Even with the market crash, it had already marked a year of massive returns for investors in the space. As is expected with a space with high vol...
2 Gold-Backed Crypto Asset Market Caps Near $1 Billion, XAUT Jumps 19,000% in 23 Months – Altcoins Bitcoin News
While reserve-backed crypto assets and stablecoin market valuations increased a great deal during the last year, gold-backed cryptocurrencies have also seen their market caps swell. Between the tokens...