🚨 Gold-Backed Tokens Surge as Gold Hits Highs & Dollar Weakens 🚨
According to BlockBeats, the market capitalization of gold-backed tokens has jumped past $2.72B, rising +1.7% in 24 hours. The rally comes on the back of soaring gold prices, a weaker U.S. dollar, and growing risk aversion ahead of interest rate meetings.
🔹 $PAXG Gold (PAXG) – Backed 1:1 with physical gold, issued by Paxos
PAXGUSDT
دائم
4,610.04
+0.08%
Market Cap: $1.05B
24H Volume: $120M
🔹 Tether Gold (XAUT) – Gold-pegged token issued by Tether
Market Cap: $1.3B
24H Volume: $140M
📊 Both PAXG & XAUT are pegged to one ounce of gold each, highlighting their role as a digital hedge against global economic uncertainty.