RAAC announces tentative agreement with a physical gold exchange provider to facilitate pmUSD redemptions, which is expected to begin the first week of July or even sooner.

RAAC said it has reached a tentative agreement with a physical gold exchange provider to support pmUSD redemptions, with the rollout expected to start in the first week of July or sooner. The announcement appears to be a response to recent market scrutiny over what pmUSD is actually redeemable for, since RAAC previously said the token’s redemption rights were tied to mineral-resource claims rather than direct claims on U.S. dollars or physical gold.

✨ AI-generated background, compiled from web sources — not editorial content.

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• RAAC Addresses Concerns Over pmUSD Redemption Rights (phemex.com)
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• How to Redeem for Physical Bullion - Sprott (sprott.com)
• pmUSD - Gold-Backed Stablecoin with On-Chain Proof of Reserves (pmusd.raac.io)
• Tokenomics of PMUSD: Precious Metals USD Explained (findas.org)

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