$XAU
As of January 2026, "XAU coin" typically refers to tokenized gold assets—most notably Tether Gold (XAUt) and PAX Gold (PAXG). These tokens are designed to mirror the price of physical gold (XAU) by backing each coin with one fine troy ounce of physical bullion.
Here is a short analysis of the current market state and the mechanics of these assets.
Market Performance (January 2026)
The gold-backed token market is currently experiencing a historic rally.
Price Milestone: Spot gold (XAU) and its digital counterparts have recently shattered record highs, trading between $4,980 and $5,075 per ounce.
Market Cap: Tether Gold (XAUt) holds a market capitalization of approximately $2.23 billion, with a circulating supply of over 440,000 tokens.
Trend Drivers: The surge is largely attributed to "safe-haven" demand sparked by global geopolitical tensions (specifically trade disputes and regional conflicts) and central banks aggressively accumulating gold reserves.