The two largest gold stablecoins – by far – are pax gold (PAXG), issued by the New York-based fintech firm Paxos Trust Company, and tether gold (XAUT), issued by Tether, the same company behind the $80 billion dollar-pegged stablecoin USDT. At the time of publication time, the market cap of PAXG and XAUT was standing at $518 million and $499 million, respectively, per CoinGecko data.
Source: https://www.coindesk.com/markets/2023/04/04/tokenized-gold-surpasses-1b-in-market-cap-as-gold-price-nears-all-time-high/?utm_medium=referral&utm_source=rss&utm_campaign=headlines