Streamex wants to change the future of gold and digital assets. Which is exactly why they’re getting ready to launch a new gold backed stablecoin.
What’s happening:
Streamex Corp (NASDAQ: STEX) has officially launched a $100M USD pre-sale for their new GLDY stablecoin Why it matters:
The GLDY stablecoin is fully backed by physical gold that is audited and in custody and will aim to closely track the performance of physical gold Going deeper:
Streamex Corp will offer investors a 4% annual yield on their GLDY holdings, which is fuelled by their existing partnership with Monetary Metals who is one of the largest gold leasing companies in North America The GLDY stablecoin will be fully regulated and structured to meet all the requirements of institutional investors, asset management companies and ETFs, which follows $10B USD ETF company Simply Asset Management cutting a deal with Streamex to partner on yield generating tokenization products for gold Streamex Corp has also publicly stated they will invest $5M USD of their own capital into the pre-sale of their GLDY stablecoin The intrigue:
Disclaimer
The New Money provides background information on early stage companies from
publicly available sources. The New Money provides no advice on dealing in
securities, is not a financial adviser and does not pretend to be so. This
message is meant for information and educational purposes only. The
information contained in this article is not to be considered factual or
complete. Anybody interested in obtaining financial and other information on
companies mentioned is advised to get it direct from the companies, or from
their own investment adviser. The New Money does not intend for this
information to be used to inform an investment decision.
The New Money has been compensated by Streamex Corp. for a
media campaign, which affects our ability to be unbiased. The Principals of
The New Money may buy or sell shares of the company without further notice.
This is why we stress that you conduct extensive due diligence as well as seek
the advice of your financial advisor or a registered broker-dealer before
investing in any securities. The New Money and its principals and agents are
not registered or licensed by any governing body in any jurisdiction to give
investing advice or provide investment recommendation. Always do your own
research and consult with a licensed investment professional before making an
investment.
This communication should not be used as a basis for making any investment.
Investing is inherently risky. While a potential for rewards exists, by
investing, you are putting yourself at risk. You must be aware of the risks
and be willing to accept them in order to invest in any type of security.
Don't trade with money you can't afford to lose. This is neither a
solicitation nor an offer to Buy or Sell securities. No representation is
being made that any stock trade will or is likely to achieve profits.
Comparisons made to other featured companies or past performance is not
indicative of future results.
