RAAC's gold-backed stablecoin doing up to 27% APR while the rest of crypto argues about altseasons and still focuses on speculation...

$pmUSD on Curve: $27M TVL in less than 2 months, and growing.

RAAC is a real-asset-focused DeFi project that says it issues stablecoins backed by precious metals and supports borrowing and lending against real-world collateral such as gold and real estate. The immediate story is about its gold-backed dollar stablecoin, pmUSD, which RAAC says has reached roughly $27M in Curve TVL in under two months while offering up to 27% APR on Curve, a high yield that has helped attract liquidity into the pool. The broader context is that pmUSD is positioned as a gold-collateralized stablecoin: according to RAAC and related commentary, tokenized gold is used as backing for a dollar-denominated asset that can be deployed into DeFi venues like Curve, Convex, Yearn, StakeDAO, and Gearbox. That matters because it combines two active trends in crypto—real-world asset tokenization and stablecoin yield farming—by turning a traditionally conservative asset class, gold, into on-chain collateral that can generate DeFi returns. The reported growth also comes amid wider interest in gold-backed digital assets as gold prices remain elevated and the market looks for alternatives to purely speculative crypto narratives.

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

More coverage

• a dollar stablecoin that's backed by real-world gold under the hood ... (x.com)
• RAAC - Real Asset Acquisition Corp (raac.io)
• Gold-Backed Stablecoins? The Next Evolution of Money Explained (canadianminingreport.com)
• RAAC Adds $200M of Gold to DeFi with Listed Tokenizer I-ON | IONI (otcmarkets.com)
• RAAC Adds $200M of Gold to DeFi with Listed Tokenizer I-ON (nasdaq.com)

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