Events

Tether unveiled Scudo, a fractional denomination for its gold-backed XAUT token, aiming to make routine on-chain gold payments and pricing easier as bullion nears record highs and continues to outpace major asset classes.

A bogus Christmas Eve press release claimed Circle had launched USDC-backed tokenized gold and silver products on a purported 'CircleMetals' platform. Circle denied the report, saying the announcement was fake and that it has no metals-trading or tokenized-metals offering.

At Binance Blockchain Week Dubai 2025, Binance founder Changpeng “CZ” Zhao and gold advocate Peter Schiff engaged in a fiery, anticipated onstage debate comparing Bitcoin, gold and tokenized gold as contenders for the future of money.

Tether's gold-backed token, XAUT, has surpassed $2 billion in market value, driven by increasing gold prices and demand for tokenized real-world assets, with reserves equivalent to 375,572 fine troy ounces of gold.

Binance founder Changpeng Zhao (CZ) criticizes economist Peter Schiff's tokenized gold product, arguing it's not equivalent to on-chain gold. Despite Schiff's aim to combine gold's stability with blockchain convenience, CZ remains skeptical of the concept.