Tether’s Gold Token Mint Boosts Market Cap by 20% – Driving Demand for Tokenized Assets

Tether’s recent mint of XAUT tokens, surpassing PAXG in market cap, has fueled a surge in the tokenized gold sector. The company minted approximately $436.94 million worth of XAUT, increasing the total market value of tokenized gold assets by 20%. This surge highlights the growing influence of these digital gold investments. The mint was driven by significant trading activity and new investor engagement as XAUT surpassed PAXG in volume and holder count.