- Gold backed coins such as Tether Gold and Paxos Gold increased 7 percent over a month, reaching highs of 3529 dollars and 3520 dollars, on account of uncertainty over trade wars.
- Gold backed tokens are safe from inflation, supported by actual gold in vaults, and have increased 40 percent over a year, with large trading volume.
- Tokenized asset market, such as gold backed coins, is valued at 21.6 billion dollars, up 8.6 percent, as investors turn to safe assets such as Bitcoin, up 14 percent.
Gold backed cryptocurrencies are getting popular because of global trade problems caused by US President Donald Trump’s tariffs announced on April 2, 2025. People are buying these digital coins to keep their money safe during uncertain economic times.
Gold Backed Cryptos Advance as Gold Prices Rise
The tariffs started a trade war, making gold more expensive. On April 2, one ounce of gold cost 3115 dollars. By April 28, it was 3335 dollars, up 7 percent in less than a month.
Gold backed coins like Tether Gold (XAUT) and Paxos Gold (PAXG) also rose, hitting their highest prices on April 22. Tether Gold reached 3529 dollars, and Paxos Gold hit 3520 dollars, according to CoinMarketCap.
Two other gold backed coins, Quorium (QGOLD) and Kinesis Gold (KAU), went up 8.5 percent and 7.6 percent in the last 30 days. All four gold backed coins have grown at least 40 percent in the past year, based on CoinGecko data.
Safe Haven Assets See Increased Institutional Interest
People like gold backed coins because they protect against rising prices and economic trouble, just like real gold. Tether says the interest in gold supported coins is growing due to world economic issues, conflicts between countries, and a need for assets that hold value.
Each coin, like XAUT or PAXG, is tied to one ounce of real gold, kept in safe vaults in Switzerland for Tether and London for Paxos.
The market for tokenized assets, including gold supported cryptocurrencies, is getting bigger. It’s worth 21.6 billion dollars and grew 8.6 percent in the last 30 days, according to RWA.xyz.
Gold backed coins are easy to trade instantly and can sometimes be used to buy things, unlike regular gold investments. Their trading volume hit a two year high on April 10, showing lots of interest.
Meanwhile, Bitcoin, sometimes called “digital gold,” also went up 14 percent during this time, as people move toward safer investments.
Also Read: TRUMP Coin Team Offloads $20M Worth of Tokens Just Before Donald Trump’s Dinner
