Tether is investing $150 million in Gold.com to expand tokenized gold sales and enable customers to buy physical bullion using its stablecoins, including USDT and XAUT. The partnership aims to broaden global access to digital gold and integrate with existing tokens like PAXG.
Paxos Gold (PAXG) saw record inflows as investors flocked to tokenized gold for on-chain exposure. An expert noted tokenized gold enhances the metal’s usefulness while bitcoin behaves more like a risk asset amid market uncertainty.
PAXG's market cap surpassed $2 billion after demand for tokenized gold surged 450%, pushing the token to $4,997. Paxos explained how physical gold is converted into PAXG and emphasized redeemability and custody safeguards.
Binance CEO Changpeng Zhao will face off with economist Peter Schiff in a high-profile debate at Binance Blockchain Week on Bitcoin versus tokenized gold. The discussion could shape investor sentiment and influence regulatory thinking around BTC and asset-backed tokens like PAXG and XAUT.
PAXG (PAX Gold) recorded its fourth straight day of all-time highs on October 16, marking one of the strongest crypto performances of the month. Traders point to increased demand for tokenized gold as investors seek a safe haven amid the U.S. government shutdown.