World Gold Council Proposes Digital Gold Amid Market Concerns

According to PANews, Thu Lan Nguyen, Head of Foreign Exchange and Commodity Research at Commerzbank, highlighted a new initiative by the World Gold Council aimed at modernizing the gold market through the introduction of digital gold. This move is possibly driven by concerns that stablecoins and central bank digital currencies (CBDCs) might emerge as alternative investment options to gold. However, Nguyen argues that these concerns are unfounded. Stablecoins and CBDCs are both tied to fiat currencies—stablecoins are backed by the U source: https://www.binance.com/en/square/post/29278120497721?utm_source=BinanceNewsRSS