We are talking about those stablecoins that are tied to the value of gold. Their price is rising due to the increase in the price of gold. So May futures rose by 1.91% over the previous day. The price reached $2029.4. Per ounce. The indicator has reached a maximum over the past year.
As a result, the PAX GOLD and Tether Gold stablecoins reached $523 million and $499 million by market capitalization. accordingly. During the day alone, the coins grew by 2% and 9.2% each. The correlation of bitcoin was also affected. The indicator has reached 50%.