PAX Gold price

Maybe it’s time for @paritytech to explore a Gold-DOT dual-collateral stablecoin? 👀🤔 Gold just broke $4,370/oz, hitting a new all-time high — up over 50% YTD.😳 That rally is echoing across crypto. 1/ Gold-backed tokens like @tethergold (XAUT) and @Paxos Gold (PAXG) have now reached a combined market cap of $2.46B ($1.38B + $1.08B). That’s still tiny compared to what’s possible. If @Polkadot launched a Gold-DOT hybrid stablecoin, it could easily outgrow this niche within 1–2 years. @gavofyork 2/ Macro tailwinds are strong: • Fed rate cuts are back on the table • USD is softening • Political instability & U.S. shutdown risks are pushing investors to hedge Gold’s tokenized market will likely keep expanding. 3/ And @Polkadot is technically built for real-world-backed assets: ✅ Asset Hub for issuance, collateral & governance ✅ Parachains like Hydration / Bifrost for DeFi logic ✅ XCM + Xtokens for cross-chain liquidity ✅ OpenGov for transparent, decentralized control 4/ Unlike centralized tokens (XAUT, PAXG), a Gold-DOT model could combine: - DOT collateral → yield-bearing, governance-enabled, on-chain liquidity - Gold collateral → inflation-resistant, real-world backing It’s the perfect RWA + DeFi + staking fusion. 5/ As nations build frameworks for “real-world assets on-chain,” gold remains the most compliant, tangible bridge between TradFi and Web3. A Gold-DOT stablecoin could: • Bring traditional gold investors on-chain • Convert DOT into real-asset-backed credit • Anchor a new class of decentralized money 6/ Polkadot isn’t just capable of doing this — it’s uniquely suited for it. A Gold-DOT stablecoin could become the first “on-chain central bank currency” of the new golden age. 👀 What do you think? Should Polkadot make it happen?👀