The tokenized gold market has reached a new record size of $2.57 billion, primarily driven by Tether’s XAUT and Paxos’ PAXG tokens. This surge follows a significant minting of 129,000 XAUT tokens worth $437 million in August and net inflows of $141.5 million into PAXG since June. As gold prices approach their April peak, demand for gold-backed tokens has surged. XAUT’s market capitalization has grown to $1.3 billion, while PAXG has expanded to $983 million. This trend illustrates the increasing appeal of gold as a safe haven during uncertain economic times, as evidenced by the rising price of gold, which is currently around $3,470.

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