Tether’s XAUT Becomes Top-Performing Digital Asset Amidst Gold Rally
Tokenized gold assets like Tether’s XAUT and Paxos' PAXG remain popular among crypto investors in Asia amid a stable economic environment.
- Tether’s XAUT is up 3.4% in the last 24 hours, ranking as a top-10 market performer.
- The tokenized gold sector increased by 4.3%, contrasting with the CoinDesk 20 index, which fell by 2%.
- Gold prices dipped after reaching an all-time high, currently trading at $3218 in Hong Kong.
- Asian equity markets showed mixed results: Hang Seng down 0.2%, Shanghai's SSE up 0.12%, Taipei's TAIEX up 1.6%, and Nikkei 225 down 3.5%.
- Concerns persist about U.S. policy unpredictability and a rising budget deficit.
- China is considering stimulus measures, including proposed interest rate cuts and $136 billion in government spending.
- Curve DAO's CRV surged 18% following news of relaxed DeFi regulations in the U.S.