Data shows Tether’s gold-backed token XAUT now holds a market cap of $822 million, while Paxos’ PAXG is sitting slightly higher at $934 million. Together, these two giants dominate the $2.05 billion tokenized gold market, accounting for a hefty 85.61% of the entire sector. With gold on a tear this year, interest and trading around these two precious-metal-pegged crypto tokens have taken off like a rocket.

For context, each PAXG token issued by Paxos is tied to one fine troy ounce of London Good Delivery gold, securely stored in professional vaults—mostly in London—and fully backed by physical bullion held in custody. Likewise, each Tether-issued XAUT token reflects ownership of one troy ounce of real gold, safely tucked away in Swiss vaults. Back in December 2024, there were 35,193 unique wallets holding PAXG.

Fast forward to today, and that number has grown 38.56% to 48,763 wallets—a jump of 13,570 new holders. While Tether’s XAUT trails in total wallet count, it’s racing ahead in growth. In December 2024, Etherscan data showed 3,104 wallets holding XAUT. Now, that figure has exploded to 8,466 unique addresses.

That’s a 172% jump in wallet count for XAUT since Dec. 2024. With wallet growth accelerating and valuations rising, tokenized gold is clearly pulling in investor interest and gaining ground beyond a niche audience.

The growing grip of PAXG and XAUT shows the market’s tilt toward trusted issuers. This uptick in adoption points to real confidence in digital gold as a modern store of value, pairing the stability of precious metals with the efficiency of blockchain. Any future momentum likely hinges on gold’s price path and wider crypto acceptance.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。