More than 77 crypto projects claim to be backed by physical gold, yet at least 30 have failed. CoinShares and Tether recently launched DGLD and XAUT, but market liquidity remains extremely thin, raising sustainability questions.
More than 77 blockchain projects claim their tokens are backed by physical gold, but at least 30 have failed. New entrants like DGLD and XAUT face centralization and low trading volume, raising doubts about long-term viability.
Gold-backed crypto tokens continue to attract issuers and investors, with more than 77 projects still active even after over 30 failures. Newer entrants such as DGLD and XAUT highlight both the appeal and the unresolved concerns around custody, sustainability, liquidity, and centralization.
The popular Indian TV show 'Kaun Banega Crorepati' (Who Wants to Be a Millionaire) featured a question about Facebook's Libra and host Amitabh Bachchan explained cryptocurrencies to millions, sparking excitement in the local crypto community.
Ripple Labs has applied for a national bank charter with the OCC and a Federal Reserve Master Account, aiming to bring its RLUSD stablecoin under dual oversight following the GENIUS Act. XRP rose 2.87% to $2.24. Meanwhile, Peter Thiel backs new bank Erebor for startups and crypto, and Belgium's KBC Bank plans to offer crypto investments via Bolero.
Ripple has applied for a US national bank charter and a Federal Reserve master account to place RLUSD under dual state and federal oversight. The move follows Circle’s similar filing and signals deeper integration between stablecoins and traditional banking.
Ripple Labs formally applied for a national bank charter with the OCC and a Federal Reserve Master Account to bring its RLUSD stablecoin under dual state-federal oversight, aligning with the GENIUS Act. The move mirrors Circle's recent application. XRP rose 2.87% on the news. Meanwhile, Peter Thiel-backed Erebor bank targets startups, and Belgium’s KBC Bank plans to offer crypto investments.
Ripple Labs has applied for a national bank charter from the OCC and a Fed Master Account to bring its RLUSD stablecoin under dual regulation. The move follows Circle's similar application and market reaction pushed XRP up 2.87%. Meanwhile, Peter Thiel backs new crypto-friendly bank Erebor, and Belgium's KBC Bank prepares to offer crypto investments.
