The total market value of tokenized gold has surpassed $4.2 billion.
According to Odaily, data from Coingecko shows that the total market capitalization of tokenized gold assets has surpassed $4.2 billions, representing an increase of approximately 147% over the past six months. Among them, Tether's XAUT has a total market capitalization of about $2.24 billions, and Paxos' PAXG has a total market capitalization of about $1.5 billions. Together, the two account for around 89% of the market share. Each XAUT and PAXG token is backed 1:1 by physical gold reserves.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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