BlockBeats News, September 9th. According to market data, accompanied by the recent surge in the price of gold, coupled with the weakening of the US dollar and increased safe-haven sentiment ahead of the interest rate meeting, the market capitalization of “Gold Tokens” has surpassed $27.2 billion, with a 1.7% increase in the past 24 hours. In detail:
PAXG’s 24-hour trading volume is reported at $1.2 billion, with a total market capitalization of $10.5 billion;
XAUT’s 24-hour trading volume is reported at $1.4 billion, with a total market capitalization of $13 billion.
PAX Gold (PAXG) is a gold-backed digital currency issued by Paxos, and XAUT (Tether Gold) is a gold-backed digital currency issued by Tether. Each token of PAXG and XAUT is pegged to 1 ounce of gold.
