XAUT Surpasses PAXG,Leading Tokenized Gold Market Cap
The world of tokenized gold experienced a important shift recently. Tether’s XAUT overtook Paxos Gold (PAXG) in market capitalization, redefining the landscape of digital gold assets. On august 8, Tether issued 129,047.917 XAUT tokens, equivalent to $436.94 million. This move boosted the overall tokenized gold market cap by 20%, highlighting its growing prominence.
XAUT’s rise isn’t just about market cap. It has outperformed other tokenized gold options like PAXG adn KAU on trading platforms. Since July 25, XAUT’s daily trading volume surged past its competitors. Additionally, the number of XAUT holders increased by 173% in 2025, compared to a 29% rise for PAXG holders, despite PAXG still having a larger user base.
- XAUT now holds the top spot in tokenized gold market cap.
- Trading volume of XAUT has consistently surpassed PAXG and KAU.
- XAUT’s holder base grew significantly more than PAXG’s.
Macroeconomic factors have also fueled interest in tokenized gold. Following President Donald Trump’s tariffs and other global economic uncertainties, trading volumes for PAXG, XAUT, and KAU soared. Specific events like tensions in the Middle East further propelled this trend. In the second quarter of 2025, tokenized gold volume reached over $19 billion, exceeding major gold ETFs.
this illustrates a growing preference for tokenized gold among investors seeking safe havens. For more insights, check CEX.io’s report.
