Strato Tokenized Gold Buy Sell Borrow
Summary
STRATO announces tokenized gold features that let users buy and sell gold in a click, convert holdings to USDST for easy spending, and borrow against gold to make it productive. This update shows how STRATO aims to turn mattress gold into liquid, usable assets and boost financial inclusion for the community.
The tragedy of gold is that it's the most trusted asset and also one of the most inconvenient and least productive.
This is the problem STRATO is built around. Tokenized gold gives users direct access and ownership and allows them to:
Buy and sell gold in a click
Convert to USDST for easy spending
Borrow against gold to make it productive
Own gold that is easy to use on https://t.co/sxsrZTh4lW.
"So if you think about the amount of above-ground gold in the world, it's about thirty trillion [dollars]. It's less the case in the West, but it's the default savings asset for much of the planet โ most of the planet, maybe half. And so people have a lot of it.
But the problem with it is it's often like a mattress asset: it's not providing you any real financial inclusion unless you're capable of navigating pretty big institutions who will give you decent to good terms on it โ maybe if you want to borrow or trade it and so on. But your average mattress gold holder โ it's just sitting there.
It's not doing anything for you from a productivity perspective. So we think it's [STRATO] like a really big unlock."
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