Tether's gold-backed stablecoin, Tether Gold (XAUT), saw a 38% supply increase in Q4, outpacing the 7% growth of its flagship USDT stablecoin. This rise coincides with gold's record price exceeding $5,100 per ounce, reflecting investor demand amid inflationary concerns and monetary system uncertainty. Tether's XAUT is physically backed by gold held in Swiss vaults and has grown significantly in market capitalization, competing directly with PAX Gold.
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[IMPORTANT] Tether’s Gold-Backed Token Surges as Gold Hits All-Time High Above $5,100
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PAXG
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