Cryptocurrencies supported by commodity, led by gold-supported tokens, have seen a historical advances in this week’s issue, with mininting volumes that have hit their highest point in at least five years.
Jumping comes after gold futures Exchanged above a $ 3,500 All-Time High this Sunday, after the Swiss Precious Metals Association warned That 39% US tariffs in Switzerland can have a “negative impact” on the international flow of physical gold. Both the gold and futures area fell after the initial advance, when White House official Bloomberg said the president would introduce a policy that clarified that the imports of gold bars should not be subject to tariffs.
That didn’t stop the gold -supported tokens from becoming minted, however.
The warning also saw the gold -based cryptocurrencies, including Tether gold
and the gold of the paxos (Paxg)Short top $ 3,390 before retreating. Volume of Minting, per Rwa.xyz The data, up to $ 439 million on Sunday, more than doubling the past $ 195 million notes found in 2021.
These tokens, supported by physical reserves held in vaults, allow investors to obtain exposure to precious metal and can move immediately on-chain without crossing boundaries.
The Switzerland, which is refined More than $ 61 billion cost metal in the US in the last year.
The move has been averaging a political backlash in Switzerland, with some lawmakers calling for the gold sector to the shoulder part of the economic collapse. Precious metal forms more than one -quarter of Switzerland exports, per Swiss National Bank Data.
