Crypto
Tokenized Gold Surpasses $1B in Market Cap as Physical Asset Nears All-Time Price High
![](https://blacknewsdaily.com/wp-content/uploads/2023/04/7OM7KCG3N5FVBHTHKNE3Y7WMWI-780x470.jpg)
The two largest gold stablecoins – by far – are pax gold (PAXG), issued by the New York-based fintech firm Paxos Trust Company, and tether gold (XAUT), issued by Tether, the same company behind the $80 billion-pegged stablecoin USDT. At the time of publication time, the market cap of PAXG and XAUT is $518 million and $499 million, respectively, per CoinGecko data.