The market capitalization of gold-backed tokens has achieved a new high of 2.57 billion USD, with Tether’s XAUT increasing to 1.3 billion USD, thanks to a surge in supply. Paxos’ PAXG market size has also grown to 983 million USD, driven by significant inflows.
Gold is currently priced around 3,470 USD, close to its April peak. This upward trend is being supported by strong demand for safe-haven assets amid rising U.S. Treasury yields.
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