Commodity-Backed Cryptocurrencies Hit 5-YEAR MINING RECORD Over Gold Trade Turmoil

The Leap Comes After Gold Futures Traded Above Above A $ 3,500 All-Time High this Week, After The Swiss Precoious Metals Association Warned that Us 39% Tariffs on Switzerland. International Flow of Physical Gold. Both Gold Spot and Futures Fell After The Initial Surge, Who A White House Official Told Bloomberg That The President Wound Introduce a Policy Clarifying that Berts of Gold Bars.

That didn’t stop gold- backed tokens from being minted, However.

The Warning Also Saw Gold-Based Cryptocurrencies, Including Tether Gold

and Paxos Gold

(Paxg)

Briefly Top $ 3,390 BEFORE RECEDING. Minting Volumes, Per Rwa.xyz Data, Reached $ 439 Million Over The Week, More Than Doubling The Previous $ 195 Million Record Seen in 2021.

(Rwa.xyz)

THESE TOKENS, WHICH Are Backed by Physical Reserves Held in Vaults, Alow Investors to Gain Exposure To The Precious Metal and Can Be Transferred Instantly on -chain.

Switzerland, WHICH REFINES A LARGE Share of the World’s Gold Despite Having No Mines of Its Own, Exaported More Than $ 61 Billion Wrthh of the Metal to the US Over The Past Year.

The Move Has Trigered a Political Backlash in Switzerland, With the Lawmakers Calling for the Gold Sector to Shoulder Part of the Economic Fallout. The precious Metal Makes Up Over a Quarter of Switzerland’s Exports, Per Swiss National Bank Data.