Gold-backed cryptocurrencies have spiked in worth amid the worldwide commerce conflict unleashed by US President Donald Trump’s April 2 tariffs.
Tether Gold (XAUT) and Paxos Gold (PAXG) reached all-time highs on April 22, with Tether Gold touching $3,529 and Paxos Gold recording a peak of $3,520, in keeping with information from CoinMarketCap. Two different gold-backed cryptocurrencies — Quorium (QGOLD) and Kinesis Gold (KAU) — have seen rises of 8.5% and seven.6%, respectively, previously 30 days. All 4 tokens are up 40% or extra previously 12 months, CoinGecko information reveals.
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In line with a report by Tether, the elevated demand for XAUT is because of macroeconomic components, similar to escalating international financial uncertainty, geopolitical conflicts, and a rising demand for inflation-resistant belongings.
Since US President Trump’s renewed commerce conflict, gold has elevated considerably in worth. On April 2, Trump’s “Liberation Day,” when the tariffs have been introduced, the value of 1 ounce of gold was $3,115. On the time of this writing, on April 28, the ounce worth is at $3,335, representing a 7% soar in lower than 30 days.
Gold, usually seen as a hedge towards inflation, normally attracts buyers throughout occasions of financial uncertainty. In related strains, Bitcoin (BTC), also known as “digital gold,” has soared 14% throughout the identical interval.
Rising RWA market
Actual-world asset (RWA) tokenization — merchandise that carry belongings like treasured metals, bonds, and actual property onto the blockchain — is a rising market. In line with RWA.xyz, the tokenized RWA market capitalization (excluding stablecoins) stands at $21.6 billion, up 8.6% over the previous 30 days.
Tether Gold and Paxos Gold are examples of RWA tokenization. Every coin in each merchandise is reportedly backed by one troy ounce of precise gold. Tether is claimed to retailer its gold reserves in Switzerland, whereas Paxos retains its gold in London. Tokenized gold has been a robust crypto use case in 2025, reaching a two-year excessive in buying and selling quantity on April 10.
Tokenizing gold has a number of benefits over extra widespread funding devices that present publicity to gold. As an example, settlements by these funds are immediate, enabling fast buying and selling. As well as, some tokenized gold tokens can be utilized to buy items and companies, whereas conventional devices can normally be redeemed just for fiat forex.
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