Tether poaches HSBC: the "rise of the East and fall of the West" moment for tokenized goldWhen Bank of America (BoA) released a report setting the gold target price for 2026 at $3,000 to $5,000, a financial infrastructure revolution centered around gold in Hong Kong across the ocean is rapidly advancing with this expected "tailwind."
In November 2025, two seemingly independent yet highly related news items ignited the RWA (Real World Assets) sector: First, HSBC launched a gold token in Hong Kong, which saw its trading volume exceed $1 billion in just two months, showcasing the astonishing dominance of traditional old money; second, Tether, the world's largest stablecoin issuer, was revealed to be heavily "poaching" top precious metal traders from HSBC in an attempt to solidify its dominant position with XAUT (Tether Gold).
This is no longer just a success of a financial product, but a competition for dominance over the next generation of gold investment tools.
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金色财经_·2025-11-25 10:40