Analysts note that surging gold prices, macroeconomic uncertainty, and increased vault holdings by issuers have fueled a near-tripling in gold-backed stablecoin market value to $4 billion in 2025.
Gold-backed stablecoins have reached approximately $4 billion in market capitalization in 2025, nearly tripling since the start of the year. A leading token has overtaken its closest rival, with these assets benefiting from record-high gold prices, heightened macroeconomic risk, and significant accumulation of gold reserves by issuing entities. The sector remains highly concentrated, with two tokens controlling the majority of the supply, as demand for secure, blockchain-compatible safe-haven assets rises.