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  • America Backs An Alaskan Copper Company, NYSE's Polymarket Bet, And Streamex Launches A Gold Backed Stablecoin

America Backs An Alaskan Copper Company, NYSE's Polymarket Bet, And Streamex Launches A Gold Backed Stablecoin

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The USA Is Taking An Equity Stake In Trilogy Metals

The United States federal government struck a new deal to acquire a 10% equity ownership stake in Trilogy Metals (NYSE: TMQ) through a strategic investment. The United States Department of War will invest approximately $35.6 million in two separate tranches. Trilogy Metals owns multiple important high grade copper and cobalt projects located in Alaska which cover more than 471,000 acres of land.

Intercontinental Exchange To Invest Billions Into Polymarket

Intercontinental Exchange (NYSE: ICE) is investing up to $2 billion into leading prediction market company Polymarket at an $8 billion pre money valuation. Intercontinental Exchange is the parent company of the New York Stock Exchange and their new investment into Polymarket marks the first time ever they have taken an ownership position in a company focused on prediction markets.

Streamex Is Launching A Gold Backed Stablecoin

Streamex Corp (NASDAQ: STEX) officially launched a $100 million pre-sale for their new GLDY stablecoin. The GLDY stablecoin is fully backed by physical gold that is audited and in custody and will aim to closely track the performance of physical gold. Streamex is offering investors a 4% annual yield on their GLDY holdings, which is fuelled by their existing partnership with Monetary Metals who is one of the largest gold leasing companies in North America.

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