- Tether Gold’s market cap hits a record high.
- Driven by rising gold prices and inflation fears.
- No impact yet on ETH, BTC, or major DeFi protocols.
Tether Gold (XAUT) recently achieved a record market capitalization driven by rising gold prices and increased demand from investors seeking inflation-resistant assets.
As a result, XAUT captures attention in the crypto market, highlighting its role amid global economic uncertainties and the growing appeal of tokenized real-world assets.
Tether Gold (XAUT) has achieved a record market capitalization driven by rising gold prices and demand for inflation-resistant assets. Market cap nearly doubled since mid-2024, indicating strong interest in Tether’s tokenized gold product.
Currently, XAUT’s market cap exceeds $1.4 billion, with an estimated circulating supply of around 375,000 XAUT. Price fluctuations saw XAUT reaching between $3,746 and $3,705, while its 24-hour trading volume hit approximately $77 million.
The surge is linked to a gold price increase of 41% year-over-year, amidst geopolitical tensions and fiat currency volatility. This scenario has significantly affected investor behavior towards gold as a reliable asset.
Paolo Ardoino, CEO, Tether, said, “Tether Gold’s market capitalization has reached a significant milestone, reflecting the increased interest in inflation-resistant assets amidst rising gold prices.”
No direct effects on major cryptocurrencies like ETH or BTC have been noted in on-chain analytics. Still, the rise in tokenized real-world assets may influence some Ethereum-based liquidity pools.
There are also no new regulatory announcements on gold-backed stablecoins from institutions such as the SEC or CFTC. Historically, XAUT saw increased demand during financial uncertainties, such as the COVID-19 pandemic. Similar trends are observed now, with XAUT providing a hedge against inflation and economic instability.
