XAUT Surpasses PAXG in Market Cap
Tether’s XAUT has become the leading tokenized gold asset,surpassing Paxos Gold (PAXG) in market cap. This marks a notable shift in the digital gold sector, highlighting the growing appeal of tokenized assets.
on August 8, Tether minted approximately $436.94 million worth of XAUT tokens. This move solidified XAUT’s position as the largest tokenized gold asset and increased the overall market cap of tokenized gold by 20%.
This achievement comes after XAUT outperformed PAXG and KAU in trading volume since July 25. XAUT also gained more new holders in 2025, increasing by 173% compared to PAXG’s 29%. Even though PAXG still boasts a larger user base,the gap between them is narrowing.
- XAUT mint raised tokenized gold’s market cap by 20%
- XAUT’s trading volume surpassed both PAXG and KAU in daily volume
- XAUT holder numbers grew by 173% in 2025
Tokenized gold is gaining traction due to macroeconomic factors like trade tensions and economic uncertainty.With volume surpassing $19 billion in Q2 2025, it outshines major gold ETFs.As investors seek safer havens, tokenized gold continues to attract interest.
