「Gold Token」 Market Cap Surpasses $2.72 Billion, with 24-hour Trading Volume Exceeding $280 Million

BlockBeats News, September 9th. According to market data, accompanied by the recent surge in the price of gold, coupled with the weakening of the US dollar and increased safe-haven sentiment ahead of the interest rate meeting, the market capitalization of "Gold Tokens" has surpassed $27.2 billion, with a 1.7% increase in the past 24 hours. In detail:

PAXG's 24-hour trading volume is reported at $1.2 billion, with a total market capitalization of $10.5 billion;

XAUT's 24-hour trading volume is reported at $1.4 billion, with a total market capitalization of $13 billion.

PAX Gold (PAXG) is a gold-backed digital currency issued by Paxos, and XAUT (Tether Gold) is a gold-backed digital currency issued by Tether. Each token of PAXG and XAUT is pegged to 1 ounce of gold.