Gold-Backed Stablecoins Hit the Market—a Blow to Donald Trump's GENIUS Plan? [Yahoo! Finance]
Streamex Corp. (STEX)
Company Research
Source: Yahoo! Finance
Two new gold-backed stablecoins have launched recently. USDKG and GLDY present an alternative to Treasury-backed coins. Could the U.S. stablecoin push backfire if issuers shift to alternative reserve assets? Political motivations behind the GENIUS Act include fostering American innovation and securing the dominance of the U.S. dollar. But perhaps most importantly from Washington's perspective, the stablecoin regulation is expected to increase demand for U.S. government debt. However, in recent days, two gold-backed stablecoins have been announced that don't require Treasury reserves at all. Kyrgyzstan Launches Stablecoin Backed by Gold Reserves With over 40 metric tons of the precious metal in its national reserves, Kyrgyzstan is gold-rich for what is ultimately a tiny economy. But rather than simply selling its reserves, the government is looking to raise cash by issuing a new stablecoin backed by the central bank's gold. Issued by a company owned by Kyrgyzstan's M
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STEX
News
- Streamex Corp. (NASDAQ: STEX) Announces Appointment of Kevin Gopaul, Global Financial Executive and ETF Pioneer to Its Board of DirectorsGlobeNewswire
- Streamex Corp. (NASDAQ: STEX) Announces Launch of $100,000,000 USD GLDY Pre-Sale – A Gold-Backed Yield Generating Stablecoin Offering Institutional Yield on Physical Gold BullionGlobeNewswire
- Streamex Corp. to Participate at the Cantor Fitzgerald Crypto & AI/Energy Infrastructure Conference on November 10-12, 2025GlobeNewswire
- Streamex Corp. (NASDAQ: STEX) Announces Gold Bullion Purchases & Closing of Initial USD $25,000,000 Tranche of the Previously Announced Financing; All Net Proceeds Deployed into Physical Gold BullionGlobeNewswire
- Streamex Corp. (NASDAQ: STEX) Announces Nasdaq Approval for Continued Listing on Nasdaq Capital Market & Shareholder Meeting on November 4, 2025GlobeNewswire
STEX
Sec Filings
- 11/21/25 - Form 4
- 11/21/25 - Form 4
- 11/20/25 - Form 4
- STEX's page on the SEC website