Tether's XAUt Dominates Gold-Backed Stablecoin Market Amid Dollar Weakness
As the U.S. dollar faces increasing pressure, Tether's XAUt tokenized gold has surged in popularity, now representing over half of the gold-backed stablecoin market, according to reports. This development reflects a broader trend of renewed safe-haven demand as investors seek alternatives amid economic uncertainty. The rise of XAUt indicates a growing interest in digital assets that offer a hedge against traditional currency volatility. The increasing adoption of tokenized gold highlights the intersection of cryptocurrency and precious metals markets.
Never miss a Web3 update
Join our Telegram channel to receive news in real-time, straight to your phone.