Gold-backed crypto tokens continue to rise in price as sourcing gold itself during the coronavirus-induced downturn is reportedly getting more difficult.
Binance USD, a U.S. dollar-backed stablecoin, has surpassed $100 million in market capitalization, chipping away at a market still dominated by Tether's TUSD.
"Looks like we're piggybacking on equities with some data possibly indicating virus peaking," says a trader of bitcoin's 5 percent jump Monday.
While it seems Paxos Standard (PAX) experienced a sudden surge in trading volumes, the stablecoin’s own issuer questions that very data.
Cryptocurrency traders are contending with volatile markets due to the coronavirus).
