“Tether’s XAut and Paxos’ Paxg, The Two Largest Gold-Backed Tokens, Posted Record Montholy Trading Volumes in September As Spot Gold Pushed Above $ 3,800.”, – WRITE: www.coindesk.com
That surge is echoing on accounts crypto rails, with Gold-backed tokens climbing to an all-time High Market Capitalization of $ 2.88 Billion, CoingCoko Data Shows. Tokenized Versions of the Metal Are Backed by Physical Reserves But Settle on Blockchain Rails, Offering Round-The-Clock Trading and Near-Instant Transfers.
Xaut$ 3,833.45 and paxos’ Paxg$ 3,844.09. XAut’s Capitalization Stood Near $ 1.43 Billion and Paxg’s at Roomhly $ 1.12 Billion, Both at Their Respective All-Time Highs.
Liquidity have swelled Alongside the Rally, Too. PAXG ATTRACTED MORE $ 40 MILLION IN NET INFLOWS DURING SEPTEMBER AND SET A FRESH TRADING VOLUME RECORD SURPASSING $ 3.2 BILLION IN MONTHLY TURNOVER.
PAXG Market Cap and Token Volume (Defillama)
XAut Also Posted A Record $ 3.25 Billion in MONTHLY VOLUME, Per Defillama. Meanwhile, The Token’s Market Cap Growth Came Solely from the Underlying Metal’s Appreciation, As No New Token Minting Happened This Month After August’s $ 437 Million Jump.
TETHER GOLD (XAUT) Market Cap and Trading Volume (Defillama)
The Tokenized Gold Market Could Continue Gaining as Macro Conditions Remain Support for the Yellow Metal. Investors Expectations Mount for More Federal Reserve Rate Cuts and A Softer US Dollar, While Anxiety Builds Over A Possible Government Shutdown in the US MEANWHILE, BTC$ 114,382.84offen dubbed as “Digital Gold,” is lagging behind Gold with A 22% Year-To-Date Return.
Read More: Bitcoin to Join Gold on Central Bank Reserve Balance Sheets By 2030: Deutsche Bank
Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Gate Exchange Emerged As Major Player With 98.9% Volume Surge to $ 746 Billion, Overtaking Bitget to Become Fourth-Largest Platform
- Open Interest Across Centralized Derivatives Exchanges Rose 4.92% to $ 187 Billion
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A recent Rule Change Alows Exchanges to List Crypto Etfs Without Individual Sec Review, Streamling The Process, With Approval Potentally Happing Any Day.
- The Sec Has Asked Issuers to Pull Their 19B-4 Filings.
- A Recent Rule Change Lets Exchange List Certain Commodity-Basted Crypto etfs Without A Separate Regulatory Review.
- Several ETF Applications Could Now Be Approved Any Day Now, An Analyst Said.
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