Crypto even According to a statement made by tracking platform Arkham, a cryptocurrency wallet holds a very large amount of gold on-chain.
According to data, the cryptocurrency wallet in question holds over $250 million in Tether Gold (XAUT). Tether Gold is known as a cryptocurrency whose price is indexed to the ounce price of gold, similar to Tether, which is indexed to the dollar, and is controlled by Tether in the same way.
It is reported that the amount of on-chain gold held by this wallet physically corresponds to 3 tons of gold. Tether says that Tether Gold is collateralized directly as physical gold at its headquarters.
The giant cryptocurrency wallet reportedly belongs to a DeFi platform called Rhino.fi.
Interestingly, as global gold prices have experienced a spectacular rise in recent months, the value of assets in this cryptocurrency wallet has also increased. Since the day the on-chain gold in question was moved to this wallet, the value of these assets has increased by exactly 90 million dollars.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/kripto-para-olarak-3-ton-altin-tutan-dev-balina-kesfedildi-peki-bu-kim/
