Tether’s Xaut surpassed Paxg by market capitalization, turning into the most important tokenized gold asset.
abstract
- Tether mints Xaut tokens value $436.94 million
- Xaut overtakes Paxg by market capitalization and turns into the most important tokenized gold asset.
- This mint has elevated the market capitalization of tokenized gold by 20%.
Tokenization has influenced the way in which buyers purchase gold. On Monday, August eleventh, CEX.IO launched a report detailing the largest developments within the tokenized gold trade. The largest occasion in latest months is that Tether’s Xaut surpasses the market capitalization of Paxos Gold.
On August eighth, Tether planted 129,047.917 XAUT tokens, value round $436.94 million. This not solely made it the most important gold tokenized asset by market capitalization, but additionally pushed the entire market capitalization of tokenized gold by 20%.
This mint got here when Xaut overtook Paxg when it comes to dealer engagement and lively holders. Since July twenty fifth, Xaut’s buying and selling quantity has surpassed each PAXG and KAU in each day buying and selling volumes.
Prime 3 buying and selling volumes of Gold Belongings tokenized within the third quarter of 2025 | Supply: CEX.IO
Xaut additionally dominated when it comes to a brand new tokenized gold holder. In 2025, the variety of XAUT holders rose 173%, however 29% of PAXG. PAXG nonetheless has a bigger consumer base and has a 7x benefit, however the hole is rapidly closed.
Macroeconomic circumstances desire tokenized gold
As an authentic protected haven asset, Gold has benefited from latest macroeconomic uncertainties. Particularly, since President Donald Trump introduced tariffs on main US buying and selling companions, the quantity of tokenized gold has seen a multi-week rally. Paxg, Xaut and Kau volumes all benefited, with quadrilateral progress in some circumstances.
Gold volumes from January 2024 onwards have been transformed to tokens | Supply: CEX.IO
Tensions within the Center East, labor market progress and different destructive financial indicators additionally contributed to the curiosity. Specifically, within the second quarter of 2025, tokenized gold quantity exceeded $19 billion, overtaking main gold ETFs.
learn extra: Xauusd Weekly Gold Forecast: Gold searching for a setback to this week’s buy degree
