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PAXG and XAUT's funding rates have been steadily increasing recently, and many people are now trading gold perpetual contracts. Just saw on Twitter that Ethena has directly added them to the USDe collateral pool. Including PAXG and XAUT backed by real gold as collateral is a pretty good direction. From the current regulatory trend in the United States, it can be seen that in the future, DeFi projects that can survive long-term will not rely solely on circulating high-volatility on-chain assets. Especially in the stablecoin ecosystem.