ChainCatcher message, Nasdaq-listed company Blue Gold announced plans to launch a gold-backed digital token, and the company currently owns a mine in Ghana (the licensing rights are disputed). CEO Andrew Cavaghan revealed that the launched digital token will be linked to future gold production, stating: "I believe that gold-backed tokens could succeed globally as a form of currency because people can clearly feel the authenticity of this token, and it can also be directly used for consumption or directly exchanged for physical gold."

Previously, it was reported that stablecoin giant Tether has recently negotiated with mining and investment groups to plan investments in gold mining, putting its massive cryptocurrency profits into the gold market.