Asia | Crypto

UBS has reported that Asia’s billionaires have reduced reliance on the U.S. Dollar, directing funds toward cryptocurrencies, gold and Chinese sectors. Declining reserve dominance, tariff détente and expanding digital wealth tools have supported a 25 % gold rally and deeper allocation to Bitcoin. The post Asia’s Richest Ditch U.S. Dollars for Crypto, Gold and Chinese Assets, UBS Reveals appeared first on Cryptonews.

Banking giant UBS says its high-net-worth clients in Asia are pivoting from US dollar assets toward gold, crypto and Chinese markets. High-net-worth clients across Asia are gradually pivoting away from US dollar-based investments, favoring gold, cryptocurrencies and Chinese assets instead, according to financial services giant UBS Group. “Gold is getting very popular,” Amy Lo, the Swiss bank’s co-head of wealth management for Asia, said during Bloomberg’s New Voices event held in Hong Kong on May 13. She cited rising geopolitical uncertainty and persistent market volatility as primary factors behind the shift. Investors, traditionally concentrated in US-centric assets, are now seeking broader exposure across alternative asset classes, including crypto, commodities and other currencies. Read more

USDT will be integrated into Japanese messaging app LINE’s Mini Dapp platform and self-custodial wallet. The post Tether’s USDT Launches on Kaia Blockchain, Expands Stablecoin Adoption in Asia appeared first on Cryptonews.