The capitalization of tokenized gold exceeded $1 billion
The total capitalization of tokens linked to the price of gold has reached $1.02 billion. There are two major players on the market, PAX Gold and Tether Gold, whose capitalization occupies a share of 99% of tokenized gold. Both tokens are options for stablecoins, however, their price is not pegged to fiat currency, but to the market value of gold. PAX Gold (PAXG) has a market capitalization of $523 million, while Tether Gold (XAUt) has…
