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CoinGecko Reports Tether Gold (XAUT) Market Cap Exceeds $2.6B, Tokenized Gold Sector Hits Record High

Tether Gold (XAUT) reaches a market cap of $2.6B, contributing to the tokenized gold sector’s total value of $5.19B, marking a 1.3% gain in 24 hours, according to CoinGecko data.

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Summary

CoinGecko data shows Tether Gold (XAUT) has surpassed a market capitalization of $2.6 billion, setting a new record for the tokenized gold sector. The total market value for tokenized gold now stands at $5.19 billion, with a 1.3% gain in the past 24 hours. Tether Gold continues to lead the sector alongside PAX Gold (PAXG), which is valued at $2.02 billion.

Terms & Concepts
  • Tokenized gold: Digital tokens representing real gold on blockchains (distributed ledger networks).
  • XAUT: Ticker symbol for Tether Gold; cited at about $2.6 billion market cap with a 1.3% 24-hour rise.
  • PAXG: Ticker symbol for PAX Gold; cited at $2.02 billion market cap with a 1.1% 24-hour rise.