Tether Gold XAUt surpasses half of tokenized gold market as bullion and US dollar diverge

On Monday, Tether reported that its Tether Gold (XAUt) token, with a market value above $2.2 billion, now makes up more than half of the gold-backed stablecoin sector. The milestone comes as Comex gold trades above $5,000 per troy ounce and the US Dollar Index extends its slide, amid accelerating central bank gold purchases and rising demand for safe-haven assets.