Gold-backed cryptocurrencies like Tether Gold (XAUT) and Paxos Gold (PAXG) are gaining traction as investors seek safe-haven assets amidst global economic uncertainty. These digital assets offer a way to invest in gold with the added benefits of blockchain technology, such as faster transactions and fractional ownership.
As of April 29, 2025, the price of Tether Gold (XAUT) is around $3,291.46, while Paxos Gold (PAXG) is approximately $3,331.25. These values fluctuate based on market conditions. Each token represents ownership of one troy ounce of physical gold, stored in secure vaults.
The tokenized real-world asset (RWA) market, which includes assets like tokenized gold, continues to grow. Tokenized gold offers advantages like instant settlements and potential use for purchasing goods and services, making it an increasingly popular crypto use case.