“Gold-Backed Tokens Xaut and Paxg Have Surged to Fresh Highs in Market Capitalization as the Metal Trades Near ITS April Peak.”, – WRITE: www.coindesk.com
The Overall Market Capitalization of Tokenized Gold Topped $ 2.57 Billion, Coingckko Data Shows, As The Two Leading Offers, Tether’s Xaut and Paxos’ Paxg Tokens, SAWACESS. Both Tokens’s Are Designed to Track The Price of Gold and Are Backed by Physical Bars Held in Vaults.
Xaut (Xaut), Issued by the Firm that’s Behind the USDT Stablecoin, SAW A $ 437 Million Jump in It Supply To A Record $ 1.3 Billion, Per CoingCo. Tether’s Treasury Minted 129,000 tokens in Early August on the Ethereum Network, Blockchain Data by Ethercan Shows.
PAXG (PAXG), The Gold-Backed Token of US-Based Stablecoin Firm Paxos, Swelled To A Record Market Size of $ 983 Million, Defillama Data Shows. That’s been fueled by by $ 141.5 Million Net Inflows Into the Token Since June.
PAXG INFLOWS Per MONTH (DEFIillama)
Gold Currently Traded at At AUND $ 3.470, Just Shy of the April 22 Peak Hit Amidst The Tariff Tantrum.
The precios Metal, whoh is widly consider as a safe haven asset during Times of uncertainty, has been resurging Lately, Driven by a steepening usury Yeld Curve.
Read More: Gold’s Rally Has A Big Catalyst, and It Could Help Bitcoin Too
XRP Trades AROUND $ 2.75 After InTrady Swings, With Martinez Warning of A $ 2.40 Downside Risk If Support Fails and Outling A Bullish Path Town $ 3.70.
- XRP Trades AT $ 2.7458, Down 2.38% in the Past 24 Hours, After An Intrady High of $ 2.8325 and Low of $ 2.7034.
- Martinez Says Lozing $ 2.77 Risks A Slide to $ 2.40, While Holding $ 2.70 and Breaking $ 2.90 Could Unlock A Push Town $ 3.70.
- Coindesk Data’s 24-Hour Chart Shows Xrp Stuck Between Buyers Defending $ 2.70 and Selers Capping Gains Above $ 2.80.
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