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Tokenized gold is having a major impact on the broader bullion market - SocGen
Investment demand continues to be a driving force in the gold market, and analysts note that its influence in the evolving digital landscape is growing faster than in traditional markets, including in gold-backed exchange-traded funds. Tether and its gold-backed stablecoin, Tether Gold (XAU₮), have been attracting significant attention since the company announced its official gold holdings last month. The leading stablecoin company, according to analysts’ estimates, holds between 125 and 150 tonnes of gold. “Tether remains the largest non-sovereign buyer of physical gold and now ranks within the top 30 global ... (full story)
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