Could Crypto Users Turn to Gold-Pegged Tokens Amid Bear Market?

Gold maintains its safe-haven status, while comparison with Bitcoin and stablecoins persists.   Gold has been a proven protective hedge against inflation for years. Now in the persisting aftermath of Terra’s collapse and continued geopolitical tensions, some crypto investors might be turning to gold-pegged tokens to weather the crypto winter.  Stablecoins’ Struggles Spotlight Gold Stablecoins were created in response to crypto’s volatility. They are a hybrid between the volatility of cryptocurrencies and the stability of fiats or commodities. This means…