Wednesday 21 June 2023

Block Earner Offers Secure Dollar and Gold Investments on the Blockchain

As the Dollar/TL exchange rate continues its upward trend and surpassing the 23 .3 mark, gram gold also sees an increase above 1,450 TL . Turkey Operations Manager of Block Earner Emrah Karadere highlights the resulting gap in sales channels and the conflict between buying and selling prices . As a response to this situation some investors are turning to USD Coin (USDC) and blockchain-backed gold (PAXG) to protect their investments .

Dollar/TL Surge Creates Gap in Sales Channels

The ongoing rise in the Dollar/TL exchange rate has led to the emergence of a gap in sales channels which affected both investors and traders . some investors have chosen to invest in dollar-indexed USD Coin (USDC) to navigate this gap while others have turned to blockchain-based gold (PAXG) . This strategic move allows users to take advantage of the volatility and trade securely even when traditional markets are closed .

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