RATE Group | Cryptocurrency News Today – Headlines for March 28
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Cryptocurrency News Today – Headlines for March 28

28 Mar Cryptocurrency News Today – Headlines for March 28

Posted at 22:32h in Cryptocurrency News by

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  • Demand for gold-backed stablecoins rises
  • COVID-19 pandemic has presented opportunities for investment
  • Gold-backed stablecoins face trying times ahead

Cryptocurrency News Today – there is a new change in the digital asset market today and it may come as a surprise considering the situation of things recently. This time the report is that gold-backed stablecoins have started a resurgence.

This comes at a time when cryprthe ongoing COVID-19 outbreak that has hit the global financial markets. In what can be regarded as ‘opportunity in tragedy,’ many investors have started flocking to gold-backed stablecoins. They now prefer the later to actual gold. The current economic crisis caused by COVID 19 will unquestionably uncover alternative attractive investment options in the crypto space.

Stablecoins like Tether Gold (XAUT) and Paxos Gold (PAXG) are two of the preferred choices among investors and traders alike. Unlike the other gold-backed instruments, most gold-backed stablecoins…

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