Gold-Backed Crypto Minting Volume Hits 3-Year High as Central Bank Buying Drops

Gold-pegged cryptocurrencies surge while traditional central banks slow their bullion binge—because nothing says ’trust the system’ like institutional buyers stepping back just as retail piles in.

The Great Metal Migration

Tokenized gold products are minting at volumes not seen since the 2022 crypto winter, with issuers like PAXG and Tether Gold reporting record inflows. Meanwhile, central bank gold purchases dipped 18% YoY—apparently even bureaucrats get cold feet after a 40% price rally.

Decentralized Shiny

Defi platforms now custody over 400 metric tons of gold-backed assets, equivalent to Switzerland’s entire reserves. The irony? These ’wild west’ crypto protocols are achieving higher audit transparency than some sovereign vaults.

As the old guard hesitates, crypto’s gold rush enters its most bullish phase yet—proving once again that when traditional finance zigzags, blockchain builds.