Summary
- DL News, citing data from DefiLlama, reported that Tether Gold (XAUT) posted a 62% increase in market capitalization this year to $3.7 billion.
- It said Paxos Gold (PAXG) market capitalization was also tallied at $2.4 billion, up 48%.
- Industry experts said political turmoil, including U.S. tariff measures and the possibility of an invasion of Iran, is lifting demand for tokenized gold, with funds moving from Bitcoin to tokenized assets linked to physical gold.
Forecast Trend Report by Period
An analysis found that rising gold prices and geopolitical uncertainty are driving rapid growth in the tokenized gold market.
On the 26th (local time), crypto-focused media outlet DL News, citing data from DefiLlama, reported that Tether Gold (XAUT) has seen its market capitalization rise 62% so far this year to $3.7 billion.
Paxos Gold (PAXG) was also tallied at $2.4 billion, up 48%.
Industry experts said that political turbulence—such as U.S. tariff measures and the possibility of an invasion of Iran—has spurred demand for safe-haven assets and boosted demand for tokenized gold.
By contrast, Bitcoin (BTC) has surrendered most of the gains seen after President Donald Trump’s re-election in 2024.
As a result, some assessments say funds have recently been shifting from Bitcoin, often dubbed “digital gold,” to tokenized assets linked to physical gold.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
