Streamex Shares Soar 20% on Gold-Backed Stablecoin Pre-Sale Launch

Streamex stock jumped over 20% on Monday after announcing a pre-sale for its upcoming gold-backed stablecoin, GLDY. The token aims to provide an annualized yield of up to 4%, offering exposure to physical gold through a yield mechanism that pays out in ounces of gold, targeted at institutional investors. Streamex’s broader strategy involves leveraging digital instruments to tokenize real-world commodities.