Gold-Backed Tokens Rally as Investors Seek Stability Amid Middle East Tensions

TL;DR Gold-backed tokens such as Tether Gold and PAX Gold have gained over 30% so far this year, emerging as a refuge amid the Israel-Iran conflict. Meanwhile, Bitcoin and Ethereum suffer sharp declines. The growing demand for stable assets boosts the appeal of crypto assets tied to tangible commodities, solidifying their role in today’s volatile. . . source: https://crypto-economy.com/gold-backed-tokens-rally-as-investors-seek-stability-amid-middle-east-tensions/