Source: Cointelegraph
Original: “Gold-Backed Cryptocurrencies Surge Amid Global Trade Uncertainty”
Following U.S. President Donald Trump's announcement of tariffs on April 2, the value of gold-backed cryptocurrencies surged.
According to CoinMarketCap, Tether Gold (XAUT) and Paxos Gold (PAXG) reached all-time highs on April 22, with Tether Gold hitting $3,529 and Paxos Gold recording a peak of $3,520. Two other gold-backed cryptocurrencies—Quorium (QGOLD) and Kinesis Gold (KAU)—increased by 8.5% and 7.6% respectively over the past 30 days. Data from CoinGecko indicates that all four tokens have risen by 40% or more over the past 12 months.
According to a report from Tether, the increase in demand for XAUT is attributed to macroeconomic factors such as heightened global economic uncertainty, geopolitical conflicts, and a rising demand for inflation-resistant assets.
Since President Trump's re-initiated trade war, the value of gold has significantly increased. On the "liberation day" of April 2, when Trump announced the tariffs, the price of one ounce of gold was $3,115. As of April 28, the current price is $3,335, marking a 7% increase in just 30 days.
Gold is typically viewed as a hedge against inflation and tends to attract investors during times of economic uncertainty. Similarly, Bitcoin (BTC), often referred to as "digital gold," rose by 14% during the same period.
The tokenization of real-world assets (RWA)—bringing assets like precious metals, bonds, and real estate onto the blockchain—is a growing market. According to RWA.xyz, the market capitalization of tokenized RWAs (excluding stablecoins) currently stands at $21.6 billion, having increased by 8.6% over the past 30 days.
Tether Gold and Paxos Gold are examples of RWA tokenization. Each token of these products is reportedly backed by one ounce of actual gold. Tether's gold reserves are reportedly stored in Switzerland, while Paxos stores gold in London. Tokenized gold has emerged as a strong use case for cryptocurrencies in 2025, reaching a two-year trading volume peak on April 10.
Tokenized gold offers several advantages over more traditional gold investment tools. For instance, settlements through these funds are instantaneous, allowing for quick trading. Additionally, some tokenized gold tokens can be used to purchase goods and services, whereas traditional tools typically can only be exchanged for fiat currency.
Related: Traditional financial markets would struggle to survive without RWA tokenization.
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