Yesterday I bought 50k USD worth of Tokenized Gold (fGLD) on Cardano for the NMKR company treasury.
This Gold will be used to provide 100k in fGLD/USDM liquidity on a Cardano DEX.
I hope bringing more Gold Liquidity can increase the transaction volume.
It opens a lot of Arbitrage opportunities.
fGLD/USDM (DEX) <-> fGLD/ADA (DEX) <-> fGLD/NOK (on NBX) fGLD/USD (on finest) <-> fGLD/EUR (in the physical world)
More info soon.
Unpopular opinion: If you hold stablecoins, you don't actually own crypto.
They are centralized CBDC’s that run on crypto rails and many are clueless to this fact.
Choose permissionless over permissioned.
Great clip @RealAllinCrypto