Yield-Bearing Gold Stablecoin Set to Launch on February 25—Will It Be Better Than Bitcoin?

▲ Gold, U.S. Dollar (USD) / AI-generated image

As Bitcoin (BTC) undergoes a structural transformation beyond its early identity as a speculative asset, the launch of the yield-bearing gold stablecoin “Streamex (Streamex) GLDY” on February 25 signals the future of finance that combines digital assets with real-world assets.

According to cryptocurrency media outlet CryptoNews on February 21 (local time), the gold market has recently shown extreme volatility similar to what was once seen only in digital assets, mirroring Bitcoin’s movements. On January 30, the spot price of gold hit a record high of $5,592.85 per ounce before plunging 12% in a single day. However, as tensions escalated with the largest U.S. military buildup in the Middle East since the 2003 Iraq invasion, gold prices rebounded above the $5,000 level and are once again attempting to break previous highs.

While gold has risen 17.7% this year, Bitcoin has fallen 23.2%, showing divergent performance. However, experts caution against interpreting this as Bitcoin’s decline. As the tokenization of real-world assets (RWA) gains momentum, the financial system is rapidly aligning itself with blockchain-based infrastructure like Bitcoin. In particular, the emergence of GLDY, which promotes itself as “yield-generating gold,” demonstrates the potential for Bitcoin to evolve beyond a mere store of value into an interest-generating savings instrument.

Issued by Nasdaq-listed Streamex (STEX), GLDY aims to become the world’s first yield-bearing gold stablecoin. Each GLDY token is backed 1:1 by one ounce of physical gold stored in a vault and provides approximately 4% annual percentage yield (APY) in gold through a partnership with Monetary Metals. The structure distributes fees generated from lending gold to mining companies or jewelry businesses to investors. Unlike traditional gold ETFs that require storage fees, GLDY allows holdings to grow through compounding simply by being held.

Morgan Lekstrom, co-founder of Streamex (Strategy), emphasized that GLDY is an innovative product offering institutional-grade security and transparency. GLDY provides real-time proof of reserves through Chainlink’s oracle services and is issued on the Base blockchain, enabling borderless transactions. Lekstrom stated, “We have realized the long-held dream of gold investors—earning interest on a safe asset—through blockchain technology,” adding that it could become a significant milestone for the future of Bitcoin DeFi markets.

Currently, the tokenized gold market is led by Tether’s XAUT and Paxos’ PAXG, but GLDY is aiming to reshape the market with its strong differentiator: yield generation. As U.S. lawmakers and the banking sector clash over whether stablecoins should be allowed to offer yields, GLDY’s successful market entry could have meaningful regulatory implications. With trading set to begin in earnest on February 25, attention is focused on whether GLDY can reshape the market landscape by serving as a new bridge between traditional finance and the digital asset ecosystem.

Disclaimer: This article is for investment reference only, and no responsibility is assumed for any investment losses resulting from its use. The content should be interpreted for informational purposes only.