As the US dollar weakens to multi-year lows, investors turn to gold as a safe haven. Tokenized gold products like XAUt gain traction, with Tether Gold accounting for over half of the market, valued at $2.2 billion. Gold prices surge above $5,300 per ounce as the dollar continues to decline.

Bitwise launches BPRO ETF pairing Bitcoin with gold to hedge against currency debasement. The fund includes exposure to Bitcoin, precious metals, and mining stocks, providing a way for wealth managers to gain Bitcoin exposure without directly investing in crypto-specific products.

Fidelity plans to launch its own dollar-pegged stablecoin, Fidelity Digital Dollar (FIDD), following federal standards for payments-focused digital dollars. The move signals a shift towards mainstream use of stablecoins beyond trading, with stablecoins seen as foundational for real-time settlement and 24/7 payment infrastructure.

Nomura-backed digital asset company, Laser Digital, applies for a US national bank trust charter to operate nationwide under a single federal license. This move, if approved, would allow the company to offer spot trading for digital assets without taking customer deposits, bypassing state-by-state custody requirements.

Read more at Cointelegraph: Gold Takes the Lead as Dollar Slides, BTC Recast as Companion