Gold-Backed Tokens Surge in the RWA Token Market, Attracting Institutional Investors

Token Terminal, a provider of cryptocurrency-related information, reported on the 9th that the gold-backed token Tether Gold (XAUT) by Tether Ltd. is the fastest-growing major tokenized asset.

Over the past 30 days, the market capitalization of XAUT has increased by 39%, reaching $2 billion (approximately 308 billion yen). In response, Paolo Ardoino, CEO of Tether, commented, 'Tether Gold is the new gold standard.'

Following XAUT, the second highest growth rate was observed in Sky Protocol's US dollar-denominated stablecoin USDS, and third was a token by Centrifuge...