Tokenized Gold Surpasses $1B in Market Cap as Physical Asset Nears All-Time Price High

The 2 largest gold stablecoins – by far – are pax gold (PAXG), issued by the New York-based fintech agency Paxos Belief Firm, and tether gold (XAUT), issued by Tether, the identical firm behind the $80 billion-pegged stablecoin USDT. On the time of publication time, the market cap of PAXG and XAUT is $518 million and $499 million, respectively, per CoinGecko information.