{"id":41319,"date":"2025-08-09T15:46:50","date_gmt":"2025-08-09T15:46:50","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=41319"},"modified":"2025-08-09T15:46:50","modified_gmt":"2025-08-09T15:46:50","slug":"commodity-backed-cryptocurrencies-hit-5-year-minting-record-over-gold-trade-turmoil","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=41319","title":{"rendered":"Commodity-Backed Cryptocurrencies Hit 5-Year Minting Record Over Gold Trade Turmoil"},"content":{"rendered":"<div>\n<p>Commodity-backed cryptocurrencies, which are dominated by gold-backed tokens, have seen a historic surge in issuance this week, with minting volumes hitting their highest point in at least five years.<\/p>\n<p>The leap comes after gold futures <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/08\/08\/gold-futures-hit-record-after-u-s-tariffs-boosting-safe-haven-case-for-bitcoin\">traded above a $3,500<\/a> all-time high this week, after the Swiss Precious Metals Association <a href=\"https:\/\/asfcmp.ch\/2025\/08\/08\/press-statement-regarding-us-tariffs-on-gold-3\/?lang=en\">warned<\/a> that the U.S.\u2019s 39% tariffs on Switzerland could have \u201cnegative impact&#8221; on the international flow of physical gold. Both gold spot and futures fell after the initial surge, when a White House official told Bloomberg that the President would introduce a policy clarifying that imports of gold bars should not be subject to tariffs.<\/p>\n<p>That didn&#8217;t stop gold-backed tokens from being minted, however. <\/p>\n<p>The warning also saw gold-based cryptocurrencies, including Tether Gold (XAUT) and Paxos Gold (PAXG), briefly top $3,390 before receding. Minting volumes, per <a href=\"http:\/\/rwa.xyz\/\">RWA.xyz<\/a> data, reached $439 million over the week, more than doubling the previous $195 million record seen in 2021.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/7f217b72a366b618f5b5fdd5f67eb4ec27494a1e-1300x455.png?auto=format\" alt=\"Commodoty-backed token minting volume (RWA.xyz)\" title=\"Commodoty-backed token minting volume (RWA.xyz)\"><\/p>\n<p>These tokens, which are backed by physical reserves held in vaults, allow investors to gain exposure to the precious metal and can be transferred instantly on-chain without crossing borders.<\/p>\n<p>Switzerland, which refines a large share of the world\u2019s gold despite having no mines of its own, exported<a href=\"https:\/\/www.ft.com\/content\/5653fa35-67cd-4ead-9926-97d2ad4e762a\"> more than $61 billion<\/a> worth of the metal to the U.S. over the past year.<\/p>\n<p>The move has triggered a political backlash in Switzerland, with some lawmakers calling for the gold sector to shoulder part of the economic fallout. The precious metal makes up over a quarter of Switzerland\u2019s exports, per<a href=\"https:\/\/www.snb.ch\/en\/publications\/research\/economic-notes\/2025\/economic_note_2025_04\"> Swiss National Bank data.<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Commodity-backed cryptocurrencies, which are dominated by gold-backed tokens, have seen a historic surge in issuance this week, with minting volumes hitting their highest point in at least five years. The leap comes after gold futures traded above a $3,500 all-time high this week, after the Swiss Precious Metals Association warned that the U.S.\u2019s 39% tariffs [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-41319","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/41319","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41319"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/41319\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}