Is Tether’s Gold the Next Big Thing? Investors Say Yes Amid Crypto’s Sluggishness!

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Ah, the wonders of modern finance… what you simply *must* know:

  • Oh, look! Tokenized gold is the darling of crypto investors in Asia! Tether’s XAUT is outshining the rest, as usual.
  • Despite global peace treaties (well, kind of), the U.S. is still stirring up a storm with their policies, and investors? They’re flocking to gold. Because, why not?

Tokenized gold, that glittering marvel of the digital age, continues to capture the hearts of crypto investors in Asia. With Tether’s XAUT and Paxos’ PAXG leading the charge, it’s no surprise people are still hiding their wealth in gold, even though the trade war seems to be on pause. Yes, because nothing says “safe investment” like gold… not like the good old stock market or government bonds, right?

But hold on! Tether’s XAUT, which is as big as a digital token can get (at least in the gold department), is still climbing the ranks. Up a robust 3.4% in just 24 hours! CoinGecko tells us that, yes, tokenized gold is strutting its stuff with a solid 4.3% increase, while the CoinDesk 20 (who even cares about them?) is down by a measly 2%. Oh, the drama!

The price of gold was on a wild roller coaster ride in Asia’s early hours—dipping low after an all-time high in the U.S. But as of now, it’s holding steady at $3218 in Hong Kong. Not bad for a shiny rock, eh?

Meanwhile, equity markets in Asia are throwing a temper tantrum, as usual. Hong Kong’s Hang Seng lost a bit of steam (down 0.2%), Shanghai’s SSE barely managed a tiny 0.12% rise, and Tokyo’s Nikkei 225? Down 3.5%. It’s like a rollercoaster with no safety belts! Hold on tight!

Gold, as we all know (or pretend to), tends to thrive during times of chaos and uncertainty. Sure, trade tensions are down, but do we really trust anyone in power these days? And let’s not forget how it thrives when interest rates are low—who wants to hold those boring interest-bearing things when you could be clutching onto your precious yellow metal?

Now, for the cherry on top: the U.S. budget deficit. That lovely little issue. Apparently, it grew by $1.3 trillion just halfway through fiscal 2025. That’s a solid $2.6 trillion annual rate, which is about 9% of the GDP. Oh dear. Looks like someone forgot to balance the checkbook!

Halfway through fiscal year 2025, the U.S. Budget deficit increased by $1.3 trillion. So we are up to a $2.6 trillion annual rate. That rounds up to an incredible 9% of GDP. The fit is hitting the shan.

— Jeffrey Gundlach (@TruthGundlach) April 10, 2025

And just when you thought it couldn’t get more ridiculous, China’s state media is throwing out hints about stimulus packages, rate cuts, and government spending. All in all? A cool $136 billion. Who needs taxes when you’ve got printing presses, right?

But let’s not forget the underdog in this chaos: Curve DAO’s CRV token! Up an astounding 18% today, after news that the U.S. is planning to ease up on Decentralized Finance (DeFi) rules. You know, because it was too strict to begin with! Crypto laws, am I right?

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2025-04-11 09:35