Tokenized gold passes DeFi stress test, but less than 2% is used as collateral
CoinTelegraph·
60-second summary
Tokenized gold is withstanding DeFi stress tests, withstanding gold's sharp sell-off, according to a RedStone report, but less than 2% of tokenized bullion is being used as collateral. Despite surging market growth and trading volumes, DeFi lending adoption remains limited, indicating a need for increased awareness and adoption of tokenized assets in decentralized finance.
A RedStone report found tokenized bullion held up during gold’s sharp sell-off, but DeFi lending adoption remains limited despite surging market growth and trading volumes.