Gold prices have increased over 27% against the USD since late 2024, leading to a surge in interest in tokenized gold coins.
Tether’s XAUT and Paxos’ PAXG dominate the tokenized gold market, holding a combined 85.61% market share, with XAUT holders increasing by 172%.
The rise in wallet holders for PAXG at 38.56% reflects a strong uptick in adoption, indicating growing trust in digital gold backed by blockchain.
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