Tether Gold (XAU₮) has secured formal recognition as an Accepted Spot Commodity within Abu Dhabi Global Market (ADGM), marking a significant development for regulated digital asset offerings in the United Arab Emirates.
Tether Gold gains regulated status in Abu DhabiADGM’s approval enables licensed companies to offer products and services involving Tether Gold, a blockchain-based token representing physical gold. The announcement was released by Tether, a major issuer of popular stablecoins including USD₮ (commonly known as USDT), through its official website and X account on July 20.
Tether stated that it engaged in ongoing discussions with ADGM, focusing on compliance, transparency, and operational resilience, before the authority formally granted XAU₮ its accepted commodity status.
Tether revealed that the new recognition “demonstrates the growing confidence of regulators in the compliance standards, transparency and resilience of tokenized assets offered in the UAE.”
Firms wishing to provide Tether Gold-related services must obtain the necessary regulatory approvals within ADGM, which serves as an international financial center in Abu Dhabi dedicated to fostering innovation in banking and digital assets.
Tether Gold (XAU₮) offers blockchain-based proof of ownership for physical gold stored as London Good Delivery bars, with each token representing one troy ounce. This structure bridges physical and digital finance, allowing investors to access gold holdings through blockchain networks.
Mini dictionary: Abu Dhabi Global Market (ADGM), a prominent international financial center in the UAE, is known for its progressive regulation supporting fintech and digital asset markets.
ADGM expands digital asset frameworkADGM, which previously recognized Tether’s USD₮ as an Accepted Fiat Referenced Token, continues to broaden its regulated product offerings by incorporating Tether Gold. The authority emphasized that these decisions align with its objective to create a trusted environment for digital and tokenized real-world assets.
The updated regulatory framework is designed to encourage licensed institutions to introduce new financial products while maintaining clear compliance standards. Tether highlighted that the ADGM’s approach deepens its support for real-world asset tokenization and digital adoption in the financial sector.
Industry data cited by Tether indicates that the distributed value of tokenized real-world assets surpassed $31 billion, a substantial increase from $6.6 billion recorded a year earlier. This surge points to growing institutional demand for blockchain-based versions of traditional investment products.
Asset TypeDistributed Asset Value, 2025Distributed Asset Value, 2024Tokenized real-world assets$31 billion$6.6 billionTether expects the latest approval will make it easier for regulated institutions in Abu Dhabi to access and offer tokenized gold to their clients.
The ADGM stated that expanding support for products like XAU₮ “advances its goal of fostering digital innovation under robust regulatory oversight.”
Tether strengthens UAE footholdThis recognition strengthens Tether’s growing presence in the UAE, a country that has prioritized digital asset adoption through regulated market development. The company confirmed that it values ongoing collaboration with regional regulators, licensed firms, and partners to expand its regulated product suite.
Unlike traditional forms of gold ownership, Tether Gold allows users to digitally transfer asset ownership across blockchain networks. Each token is physically backed by gold with its own serial number, purity, and weight, while holders may redeem tokens for physical gold in accordance with Tether’s operational policies.
Through the ADGM framework, licensed institutions gain another tool for offering regulated digital products tied to traditional commodities, furthering the UAE’s standing as an emerging hub for digital finance and real-world asset tokenization.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Tether Gold (XAUT) has been recognized as an Accepted Spot Commodity in Abu Dhabi Global Market (ADGM), allowing firms in the international financial center to offer services involving the tokenized gold asset if they hold the required regulatory permissions.
The recognition follows ADGM’s earlier acceptance of Tether’s USDt (USDT) as an Accepted Fiat Referenced Token, extending the company’s regulated product lineup in one of the Middle East’s largest international financial centers.
Tether CEO Paolo Ardoino said the designation gives regulated firms a clearer path to offer XAUT, while ADGM said it would support business growth by expanding the products and services available to companies operating in the financial center.
DefiLlama data shows Tether Gold’s total value locked (TVL) has more than tripled over the past year, rising from about $826 million to roughly $2.86 billion.
Tether Gold total value locked (TVL). Source: DefiLlama
Tether Gold is also finding new uses beyond trading and custody. In June, Bitcoin lending platform Ledn announced plans to add XAUT as loan collateral later this year, allowing clients to borrow against their tokenized gold holdings without selling them.
According to RWA.xyz, tokenized commodities have a distributed value of about $4.46 billion and account for nearly 13% of the roughly $34.73 billion tokenized real-world asset market.
Tokenized commodities. Source: RWA.xyz
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Tether Gold (XAUT) has been recognized as an Accepted Spot Commodity in Abu Dhabi Global Market (ADGM), allowing firms in the international financial center to offer services involving the tokenized gold asset if they hold the required regulatory permissions.
The recognition follows ADGM’s earlier acceptance of Tether’s USDt (USDT) as an Accepted Fiat Referenced Token, extending the company’s regulated product lineup in one of the Middle East’s largest international financial centers.
Tether CEO Paolo Ardoino said the designation gives regulated firms a clearer path to offer XAUT, while ADGM said it would support business growth by expanding the products and services available to companies operating in the financial center.
DefiLlama data shows Tether Gold’s total value locked (TVL) has more than tripled over the past year, rising from about $826 million to roughly $2.86 billion.
Tether Gold total value locked (TVL). Source: DefiLlama
Tether Gold is also finding new uses beyond trading and custody. In June, Bitcoin lending platform Ledn announced plans to add XAUT as loan collateral later this year, allowing clients to borrow against their tokenized gold holdings without selling them.
According to RWA.xyz, tokenized commodities have a distributed value of about $4.46 billion and account for nearly 13% of the roughly $34.73 billion tokenized real-world asset market.
Tokenized commodities. Source: RWA.xyz
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Tether Gold has gained commodity status in Abu Dhabi, as DefiLlama data shows XAUT’s locked value has climbed more than threefold to about $2.86 billion over the past year.
Summary
ADGM recognized Tether Gold as an Accepted Spot Commodity for approved regulated firms. XAUT’s locked value more than tripled over the past year to $2.86 billion. Tether is expanding across tokenized gold, US payroll payments and Latin American banking. Abu Dhabi Global Market has recognized XAUT as an Accepted Spot Commodity, allowing regulated firms in the international financial center to provide services involving the tokenized gold asset when they hold the required permissions.
Under the designation, eligible companies can add XAUT-related products to their regulated offerings inside ADGM. Tether CEO Paolo Ardoino described the decision as a clearer route for approved firms seeking to support the asset, while ADGM linked the addition to an expanded selection of products available within the financial center.
The decision follows ADGM’s earlier recognition of Tether’s USDT as an Accepted Fiat Referenced Token. With both assets now accepted under separate regulatory categories, Tether can place its dollar stablecoin and gold-backed token within one of the Middle East’s largest international financial centers.
ADGM’s treatment of XAUT applies only to firms that secure the relevant regulatory approvals. The designation does not give every company operating in the financial center automatic permission to offer trading, custody or other XAUT services.
Tokenized gold demand has lifted XAUT’s locked value DefiLlama figures show that Tether Gold’s total value locked has risen from approximately $826 million to $2.86 billion within a year. Based on those figures, the increase amounts to about 246%, placing XAUT among the largest products in the tokenized commodity market.
RWA.xyz estimates that tokenized commodities hold about $4.46 billion in distributed value. The data platform places the full tokenized real-world asset market at roughly $34.73 billion, giving commodities a share of nearly 13%.
Against those figures, XAUT’s reported $2.86 billion in locked value represents a substantial portion of the commodity category tracked by RWA.xyz. Differences between TVL and distributed-value methods mean the two datasets are not directly interchangeable, but both indicate that gold-backed tokens account for a large share of commodity tokenization.
Use cases for XAUT are also moving beyond spot trading and custody. Bitcoin lending platform Ledn announced in June that it plans to accept the token as loan collateral later this year, which would let customers borrow against tokenized gold without selling their holdings.
Ledn’s planned integration would place XAUT inside a crypto-backed lending product, adding a borrowing function to an asset mainly used for gold exposure. The company has not yet disclosed detailed terms such as loan-to-value ratios, interest rates or the exact launch date.
For regulated firms in ADGM, the new status could make similar services possible when their licenses cover the relevant activity. ADGM’s announcement, however, did not identify which firms intend to add XAUT or set a timeline for the first regulated offerings.
Tether is extending its reach across payments and finance Beyond tokenized gold, Tether has continued investing in payment systems and financial platforms. Last week, crypto.news reported that the company led a $7 million Series A round for Pact Labs alongside Blockchange Ventures and Lasagna.
According to crypto.news, the financing will support Pact Labs’ payroll and payment infrastructure while helping businesses adopt USAT, Tether’s dollar-backed stablecoin designed for the US market. The partnership focuses on wage payments rather than crypto trading, targeting a US payroll sector that processes more than $11 trillion each year.
Another investment has extended Tether’s presence in Latin American finance. Bloomberg reported that the company contributed $20 million to a $197 million equity round for Argentine digital bank Ualá, adding the platform to Tether’s portfolio of stablecoin-related investments.
Ualá announced the round in March and identified Tether among the participants, though it did not disclose the issuer’s contribution at the time. Allianz X led the financing, while Bloomberg later reported the size of Tether’s individual investment.
These investments come as Tether faces questions over USDT’s future availability on US crypto platforms. CoinDesk reported that the first anniversary of the GENIUS Act has renewed attention on whether the foreign-issued stablecoin can meet the law’s requirements before its transition period ends.
President Donald Trump signed the Guiding and Establishing National Innovation for U.S. Stablecoins Act into law one year ago, introducing a three-year compliance window. CoinDesk reported that uncertainty remains over how some deadlines will apply to foreign issuers such as Tether.
Circle has taken steps to align its operations with the incoming US framework, according to the report, while Tether has not publicly explained how it plans to bring USDT into full compliance.
The ADGM recognition gives XAUT a defined regulatory route in Abu Dhabi while Tether develops separate products and investments across gold, payroll and digital banking. USDT’s position in the United States, however, will depend on how regulators implement the GENIUS Act and whether Tether satisfies the final requirements.
Tether Gold (XAUT), the digital token backed by physical gold and issued by Tether, has been formally recognized as an Accepted Spot Commodity within the Abu Dhabi Global Market (ADGM). The decision enables firms licensed by ADGM, one of the region’s largest international financial centers, to offer services related to XAUT provided they obtain the necessary regulatory clearances.
Strategic significance for ADGM and TetherThe ADGM already recognizes Tether’s USDt (USDT) as an Accepted Fiat Referenced Token. The latest classification of XAUT expands Tether’s portfolio of regulated offerings in the jurisdiction, reflecting growing institutional interest in tokenized assets, particularly those backed by tangible commodities like gold.
Paolo Ardoino, CEO of Tether, welcomed the move, emphasizing that the new status gives regulated institutions at ADGM a transparent framework to integrate XAUT into their products and services. The ADGM authority stated that the recognition is expected to support business development in the center by boosting the diversity of digital assets available to financial companies.
Tether CEO Paolo Ardoino described the recognition as a major milestone, noting that it opens the door for regulated firms in ADGM to offer XAUT and supports broader adoption of regulated tokenized commodities.
ADGM, based in Abu Dhabi, serves as a key hub for global financial activity in the United Arab Emirates, providing licensing, regulation, and a business-friendly environment to financial operators.
Mini dictionary: Abu Dhabi Global Market (ADGM) is an international financial center located in Abu Dhabi that provides institutions with regulatory oversight and licensing to support the growth of financial services, especially in fintech and digital asset markets.
Rapid rise in Tether Gold adoption and ecosystemAccording to DefiLlama, the total value locked (TVL) in Tether Gold has climbed sharply within the past year, swelling from $826 million to about $2.86 billion. This trend points to increased adoption of XAUT by investors seeking digital access to gold in a regulated manner.
MetricJuly 2023July 2024XAUT Total Value Locked (TVL)$826 million$2.86 billionBeyond trading and storage, XAUT’s utility is growing. In June, Bitcoin lending platform Ledn disclosed that it plans to accept XAUT as collateral for loans later this year. This upcoming service will let customers pledge tokenized gold as security, offering a way to access liquidity without selling their holdings.
Mini dictionary: Ledn is a Bitcoin and digital asset lending platform that enables clients to secure loans using cryptocurrencies or tokenized assets as collateral, providing access to credit without requiring the sale of those assets.
Tokenized commodities market continues to growFigures from RWA.xyz show that tokenized commodities have reached a distributed value of $4.46 billion. They now constitute nearly 13% of the $34.73 billion overall tokenized real-world asset (RWA) market, as institutions and investors look for new ways to engage with blockchain-backed versions of traditional assets.
Tether Gold’s expanding range of applications and growing asset pool reflect the ongoing integration of digital finance with established commodity markets in regulated jurisdictions like Abu Dhabi.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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Tether has secured recognition for its Tether Gold (XAUT) token as an Accepted Spot Commodity within the Abu Dhabi Global Market, clearing the way for authorized firms in the financial center to offer services tied to the gold-backed digital asset under ADGM’s regulatory framework, according to a Monday statement.
XAUT is a tokenized gold product issued by Tether that gives holders ownership of one fine troy ounce of physical gold per token, with the bullion stored in secure vaults, mainly in Switzerland.
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The token has a market value of nearly $2.5 billion and is issued on both the Ethereum (ERC-20) and Tron (TRC-20) blockchains, allowing investors to buy, transfer and trade gold digitally while retaining rights to allocated London Good Delivery bars.
According to the company, the approval follows close collaboration with ADGM to demonstrate its compliance standards and operational transparency.
The recognition provides a formal regulatory framework for XAUT in the financial center and further strengthens Tether’s footprint in the UAE as the country continues developing its digital asset ecosystem. Tether Gold is backed on a one-to-one basis by physical gold, with each token representing one troy fine ounce of gold from a London Good Delivery bar.
Tether said the latest approval expands on ADGM’s previous recognition of USDT and highlights the increasing adoption of tokenized real-world assets among institutional investors.
The company said it will continue working with regulators and industry partners across the Middle East to support regulated digital asset markets.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Celo has enhanced its collaboration with Ledger by integrating a key network feature into the hardware wallet provider’s platform, offering more flexible transaction fee options to users worldwide.
Ledger supports Celo’s CIP-64 fee abstractionLedger has implemented support for Celo’s fee abstraction, made possible through the network’s CIP-64 upgrade. This change allows users to pay transaction fees using a variety of Celo-native assets, rather than being restricted to the CELO token.
The new functionality builds on Ledger Live’s December 2025 update, where users gained the ability to transact and exchange CELO and Celo stablecoins through Ledger’s interface.
With this latest expansion, Ledger’s user base of more than 8 million people in over 200 countries can now settle gas fees in any of 18 supported tokens. These payment options include Tether USD₮, USDC, Wrapped Ether (WETH), and multiple fiat-referenced stablecoins developed by Mento Labs.
Accepted fiat-backed tokens span a range of global currencies such as the euro, British pound, Japanese yen, Canadian dollar, Australian dollar, Nigerian naira, Kenyan shilling, and South African rand, offering considerably broader payment flexibility.
Mini dictionary: CIP-64, or Celo Improvement Proposal 64, is an upgrade that enables transaction fees to be paid with approved ERC-20 tokens on the Celo network, rather than requiring users to exclusively use the CELO token for gas payments.
Stablecoins overtake CELO for transactionsLaunched in July 2023 during the network’s Gingerbread hard fork, CIP-64 has allowed users to pay transaction fees with selected stablecoins and other ERC-20 tokens. This approach, now widely adopted across the Celo network, has led to a significant shift in transaction behavior.
Celo reports that nearly half of all transaction volume on the network now uses stablecoins denominated in US dollars, instead of the network’s native CELO token.
By allowing users to handle transaction fees with familiar currencies, Celo aims to lower barriers to entry and streamline the experience of using money across blockchain payments and decentralized finance applications.
The integration with Ledger is expected to further simplify onboarding, particularly for users interested in exploring Celo payments and DeFi solutions.
Celo leads in tokenized gold adoptionBeyond network transactions, Celo highlighted its leading position in the market for tokenized gold. According to network figures, 107,622 users on Celo own Tether Gold (XAUT), positioning the network as the dominant platform for tokenized gold holders.
Blockchain data estimates a total of 118,500 XAUT holders across seven blockchain networks. Of these, Celo accounts for 90.8%, followed by Solana at 4.5%. Other platforms with measurable XAUT user bases include HyperEVM (1.9%), Arbitrum One (1.8%), Plasma (0.6%), Monad (0.3%), and Ink (0.1%).
Blockchain NetworkXAUT Holders (%)Celo90.8%Solana4.5%HyperEVM1.9%Arbitrum One1.8%Plasma0.6%Monad0.3%Ink0.1%Celo attributes its dominance to a growing ecosystem, including applications such as MiniPay, Squid Router, Uniswap, Featherlend, Morpho, and TheoriqAI, that together drive adoption of real-world asset tokenization.
Celo, a mobile-first blockchain that aims to make decentralized financial services accessible to anyone with a smartphone, is now advancing into sectors beyond digital-only payments. By making stablecoin-based gas payments easier and leading the charge on tokenized gold, Celo is seeking new use cases for blockchain technology in mainstream finance.
Celo’s expanding ecosystem and diverse payment options underscore its strategy to position itself as a leading platform for accessible and practical financial instruments on the blockchain.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
U.S. regulators propose to block CME Group’s application to launch 24-hour oil contracts.
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Crypto whales are accumulating gold again just as spot prices slide. Asset manager Abraxas Capital pulled millions in Tether Gold (XAUT) off exchanges this week, and on-chain data suggests it is not acting alone.
The whale activity comes as gold posts mixed results in July. Prices climbed early in the month, then slipped as US-Iran tensions escalated.
Gold’s Volatility Pushes Traders On-ChainAccording to Onchain Lens, investment firm Abraxas Capital withdrew approximately 3,931 XAUT, worth around $15.96 million, from four major exchanges.
The transfers included 760.244 XAUT ($3.09 million) from Bitfinex, 940.207 XAUT ($3.82 million) from OKX, 230 XAUT ($934,000) from Bybit, and 2,001 XAUT ($8.12 million) from Binance.
Lookonchain also reported that a whale wallet identified as 0xD20E resumed accumulating XAUT after a three-year hiatus. Over the past three days, the wallet withdrew 953 XAUT, valued at roughly $3.93 million, from Binance.
The broader exchange flow data reinforces the trend. Nansen data showed XAUT recorded $17.4 million in net exchange outflows over the past 24 hours, around 16 times its average daily level.
The momentum has also persisted over a longer period. Over the past seven days, XAUT registered net outflows of $34.1 million, more than four times its typical weekly pace.
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XAUT Exchange Outflows By Window, Source: BeInCrypto/NansenSuch sustained exchange withdrawals are generally viewed as a sign of accumulation, as investors moving tokens into self-custody are typically positioning for longer-term holding rather than immediate trading.
The trend is not limited to XAUT. As previously reported by BeInCrypto, Paxos Gold (PAXG) has also posted notable net exchange outflows, suggesting rising demand across tokenized gold assets.
Not All Signals Point UpThe picture is not one-sided. Nansen data shows a meaningful distribution alongside the buying. One holder sold about 2,900 XAUT in 24 hours, worth roughly $11.8 million. Another cut 757 tokens over the same period.
Top XAUT Holders 30-day Net Change, Source: BeInCrypto/NansenTwo of the largest tracked wallets, 0x77134c and 0x28c6c0, each shed more than 5,000 XAUT over 30 days. That selling tempers the bullish read on outflows.
Tether Gold tracks physical bullion, so its direction likely follows spot prices. The next Federal Reserve signal and geopolitical developments may decide whether whale buying holds.
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Yesterday, the total net inflow into U.S. Ethereum spot ETFs stood at $70.5 million.
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Tether has launched Alloy, a synthetic dollar product backed by Tether Gold, in a move that pushes the stablecoin issuer further beyond simple dollar tokens.
For more details, visit the official Tether platform.
TL;DR Tether has introduced Alloy and its aUSDT synthetic dollar product.The product is backed by Tether Gold (XAUt) rather than traditional cash reserves.The launch shows stablecoin design expanding into new forms of collateral. Most stablecoin stories are about whether a token is backed by dollars, Treasuries, or bank deposits. Alloy is different. It is designed around over-collateralization with liquid gold exposure, creating a synthetic dollar instrument rather than another straightforward fiat-backed token.
Why Gold-Backed Dollars Are Interesting Tether already dominates the conventional stablecoin market with USDT. Alloy suggests the company wants to build a wider collateral platform, where users can hold exposure that behaves like a dollar product while being backed by tokenized gold.
That is a more complex promise than a standard stablecoin. It introduces collateral-price dynamics, liquidation mechanics, and a different risk profile. It also shows why stablecoin issuers are becoming more like financial infrastructure companies than single-product crypto firms.
The Risk Is In The Design The appeal is clear: users get a dollar-denominated asset tied to gold collateral, potentially blending the familiarity of stablecoin units with a different reserve base. The caution is just as clear. Synthetic products need users to understand how collateral, redemptions, and market stress interact.
For Tether, Alloy is a way to test how far its brand can stretch. USDT is the liquidity engine. XAUt is the commodity-backed asset. aUSDT tries to connect the two into something more programmable. Whether traders embrace it will depend less on the headline and more on how it behaves when markets are not calm.
This article is based on information from Tether.
This article was written by the News Desk and edited by Samuel Rae.
This is a general announcement and marketing communication. Products and services referred to here may not be available in your region. Fellow Binancians, Binance is launching an India-exclusive, limited-time campaign to celebrate its 9-year anniversary! Users can complete tasks to get a share in the $1,000,000 in Tether Gold (XAUT) reward pool. All verified Binance users can participate in the campaign. Upon successful completion of task(s), eligible users will each earn an instant and fixed Tether Gold rewards credited to Rewards Hub within 48 hours, subject to risk assessment. Rewards will be given on a first-come, first-served basis. Campaign Period: 2026-07-03 07:00 (UTC) to 2026-07-31 18:30 (UTC) Explore How to Participate: During the Campaign Period, all verified Binance users who complete the following steps will be eligible to participate and earn rewards: Create a new account or log in to your Binance account. Ensure you have completed identity verification (KYC).Click the [Join Campaign] button on the ‘Binance Turns 9. Join & Share $1M In Tether Gold’ page to confirm participation.Complete the following task(s) during the campaign to earn rewards.New users*Task 1: Trade a cumulative volume of $5 equivalent or more on Binance Convert.Reward: $2 in Tether GoldTask 2: Subscribe to Flexible Earn with 10 USDT or more for a minimum of 3 daysReward: $3 in Tether GoldTask 3: Trade a cumulative volume (buy/sell) of $200 equivalent or more on Binance FuturesReward: $5 in Tether GoldAll users**Task 4: Invite friends with your referral link. When they trade $5 or more on Convert/Spot/Futures (cumulatively), you earn $5 in Tether Gold rewards on a successful referral. You can refer up to 4 friends using your referral link during the Campaign Period. Your friend(s) can earn up to $10 in Tether Gold rewards by participating in this campaign.Tether Gold token voucher rewards will be credited to your Rewards Hub within 48 hours (subject to risk assessment) according to the completed task(s). Note: *New users refers to verified users with India KYC, who register on Binance during the Campaign Period.**All users refer to verified users with India KYC. Example: To fulfill the requirement for Task 2, User A holds Flexible Earn with 10 USDT for a minimum of 3 days. TimelineEventDay 1User A subscribes to Flexible Earn with 10 USDTDay 2: From 00:00 (UTC) till Day 4Holding period counted as 3 days (fulfill the minimum requirement)Day 5: After 00:00 (UTC)Task marked as complete, reward distribution subject to system verification Terms & Conditions: Rewards are subject to risk and eligibility checks. Once a task is completed, the corresponding token voucher will be credited to eligible users’ Rewards Hub within 48 hours of task completion, following successful verification.Tasks 1, 2, and 3 are exclusively for new users who register on Binance during the Campaign Period and complete account verification with India KYC.Task 4 is available to all verified users with India KYC.A referrer can refer to a maximum of 4 successful referees during the Campaign Period.A successful referral refers to a newly referred user who registers on Binance via the referrer’s limited-time campaign referral link, completes identity verification (KYC), and completes the aforementioned task during the Campaign Period.The referee needs to trade a minimum cumulative volume of 5 USDT equivalent across eligible trading pairs of Convert, Spot or Futures.For task 1, the user needs to trade a cumulative volume of 5 USDT equivalent or more across eligible trading pairs on Binance Convert for reward eligibility. All trading pairs, except FDUSD/USDT, USDC/USDT, TUSD/USDT, U/USDT, BUSD/USDT, USDP/USDT, DAI/USDT, GUSD/USDT, EURS/USDT, USDN/USDT, RSV/USDT, U/USDC, USDC/BUSD, BUSD/USDP, USDC/TUSD, DAI/USDC, FDUSD/TUSD, DAI/TUSD, FDUSD/USDC, DAI/FDUSD, AEUR/EUR, BUSD/FDUSD, EUR/EURI, are eligible for trading volume calculation for Binance Convert.For task 2, users need to subscribe to Flexible Earn with a minimum of 10 USDT for a duration of 3 days or more.Total Amount Verification: Verification is based on Net Subscription Amount which is calculated as: [Subscription Amount − Redemption Amount during the Campaign Period].Minimum Subscription Requirement: Users must subscribe to Flexible Earn with 10 USDT or more to qualify for this task. Token should be USDT only.Task Completion Rule: The Earn task will be marked as completed only after the required holding period of minimum 3 days is met and the user continues to meet the minimum net subscription requirement of 10 USDT or more.Holding Days Rule: Holding days are counted starting from 00:00 (UTC) of the day following the subscription.Reward: Once the Earn task is successfully completed, the user will be rewarded with $3 in Tether Gold token voucher within 48 hours, subject to eligibility checks, risk checks, and campaign terms.For task 3, users need to trade a cumulative trading volume of 200 USDT equivalent or more on Binance Futures for reward eligibility. This will be calculated as cumulative trading volume, including both buy and sell volume across all USDⓈ-M and COIN-M trading pairs.For task 4, India-KYC verified users or referrers should use their referral link to invite friends. Only upon successful referral(s) will the referrer be eligible to earn Tether Gold rewards.Conversion value used for Tether Gold, (XAUT) reward quantity calculation (USDT<>XAUT) is 1 XAUT = 4,023.92487763 USDT.The total reward pool for this campaign is $1,000,000 in Tether Gold (XAUT) token vouchers, distributed on a first-come, first-served basis.Sub-accounts cannot participate in this Campaign. Spot or Convert trades that are completed with a sub-account will not count toward the trading task requirement. Binance will use the real-time fiat currency to USDT rates for calculating the price of the USDT trading pair at trading time to calculate the value of the cryptocurrency trade completed during the Campaign Period. If there is no USDT pair for a specific cryptocurrency, it will be converted to another token or coin with a USDT pair to determine its value.Eligible users may log in and redeem their voucher rewards via Account > Rewards Hub.All voucher rewards will expire within 30 days after distribution if not claimed. Learn how to redeem a Binance voucher. Vouchers not redeemed before expiration date will be forfeited and cannot be reinstated.Tether Gold token vouchers once claimed, will be distributed to eligible users’ Spot Accounts.These terms and conditions (“Activity Terms”) govern users’ participation in this activity (“Activity”). By participating in this Activity, users agree to these Activity Terms, and the following additional terms: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Policy; all of which are incorporated by reference into these terms and conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these Activity Terms without prior notice, including but not limited to canceling, extending, terminating or suspending this Activity or its eligibility terms and criteria.Binance reserves the right of final interpretation of this campaign.Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2026-07-03 Trade on-the-go with Binance’s crypto trading app (iOS/Android) Find us on TelegramWhatsAppXFacebookInstagramDiscord Disclaimer: Digital asset prices can be volatile. Any token featured in this campaign does not constitute an endorsement, campaign, or recommendation by Binance and should not be construed as financial advice or a recommendation to buy, sell, or hold any digital asset. Binance makes no representations or warranties regarding any such tokens, including their features, benefits, or any claims related thereto. Any use, ownership, or reliance on these tokens is solely at the risk and responsibility of the token holder. The value of your investment can go down or up, and you may not get back the amount invested. Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. You are solely responsible for your investment decisions, and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers where appropriate. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use and Risk Warning.
With over four years of experience in covering and tracking the financial markets, Sneha Agrawal is a dedicated Crypto Journalist and Editor with passion for researching and writing the crypto pieces. She is currently leading the Block of Fame, here at CoinGape. She likes to keep track of political, legal and financial happenings all around the world - without which she deems her day incomplete. Apart from her Journalistic endeavours, she is a solo traveler, museum goer, and a keen reader of books.
F2Pool co-founder Wang Chun has added another 4,950 ETH to his holdings, bringing his total recent ETH purchases to 92,000 ETH.
According to Lookonchain's monitoring, Wang Chun, co-founder of F2Pool, has once again withdrawn 4,950 ETH from Binance, valued at approximately $7.74 million. Since May 26, Wang Chun's address has cumulatively withdrawn 91,945 ETH (worth around $159.9 million) and 973 WBTC (valued at about $60.72 million) from Binance.
12 minutes ago
Serenity: Google's computing power constraints may help explain Meta's large-scale signing of AI Neocloud, which is positive for AI data center capital expenditures.
Serenity’s report states that Google allegedly restricted Meta’s computing capacity in March 2026 due to tight computing power resources, a move that may explain why Meta signed a large-scale cooperation agreement with AI Neocloud service providers such as NBIS at the time, and also imposed certain limitations on the Gemini model’s capabilities. Serenity notes that Google’s CEO previously disclosed during an earnings call that insufficient computing power resources limited Google Cloud’s ability to take on more customer demand, with related order backlogs nearly doubling from the prior quarter. Serenity believes this situation further illustrates that computing power supply from hyperscalers remains far below market demand, and even these large cloud providers are unable to supplement each other’s resources. In the long run, this will continue to underpin the logic driving AI data center construction and capital expenditure expansion.
12 minutes ago
Samsung and SK Hynix to announce major investment plans on Monday.
According to The Korea Times, South Korea’s presidential office stated Sunday that Samsung Electronics and SK Hynix will unveil major investment plans at a meeting chaired by President Lee Jae-myung on Monday. The investments will be announced at a briefing held at Cheong Wa Dae at 2 p.m. KST (1 p.m. Beijing Time) Monday, as part of the government’s push to advance its "three mega projects" aimed at balanced regional development. A presidential spokesperson added that the initiative is jointly driven by the ministries of trade, science and technology, transport, and energy. Samsung Electronics Chairman Lee Jae-yong and SK Group Chairman Choi Tae-won will attend the event and participate in discussions with other attendees. Industry observers expect the two chipmakers to invest over 1,000 trillion won (approximately $650 billion) over the next decade, with potential plans to develop a semiconductor industrial cluster in the southwestern Honam region. Lee Jae-myung called the investment a "historic achievement" and a policy initiative that could transform South Korea’s fate during a Saturday address.
12 minutes ago
Israeli military says it killed several Hezbollah militants in southern Lebanon.
The Israel Defense Forces (IDF) issued a statement on the 28th, saying its troops killed several Hezbollah fighters in southern Lebanon on the 27th. The statement added that IDF forces spotted several Hezbollah fighters carrying rockets in the Nabatieh region of southern Lebanon that day, then launched an attack on them, killing the fighters and destroying their operational site. Separately, the IDF destroyed a Hezbollah rocket launcher in another strike. The statement noted that the incident site is adjacent to the "security zone" where IDF soldiers are carrying out missions, and the IDF will continue operations to "eliminate threats".
12 minutes ago
Bitcoin may record a historically rare decline over two consecutive quarters.
Bitcoin briefly dipped below $60,000 over the weekend, logging a roughly 7% decline in the past week. As the second quarter draws to a close, Bitcoin is on track to post a roughly 12% quarterly drop, following a 22% fall in the first quarter, which would mark a rare back-to-back quarterly loss in its history. Meanwhile, altcoins have generally seen steeper declines than Bitcoin: Ethereum fell around 9.5% in the past week, Dogecoin dropped 11.7%, HYPE slipped 10.6%, XRP declined 8.7%, Solana fell 3.5%, and TRON saw a roughly 1.5% drop. Analysts attribute the market’s ongoing pressure to multiple factors, including sustained capital flows into AI-driven semiconductor and memory chip sectors, persistent outflows from U.S. spot Bitcoin ETFs, the Federal Reserve’s hawkish stance, and the U.S. Dollar Index staying at high levels. The market will watch closely for ETF capital flows and demand improvements in the third quarter to judge whether the crypto market can shake off its weak performance in the first half of the year.
12 minutes ago
A trader’s bet on ANSEM delivered a 261x return, generating over $610,000 in unrealized profit on a $2,300 stake.
According to Lookonchain’s monitoring, a trader with the address CxCTVj has generated roughly 261x returns trading ANSEM. Data shows the trader initially invested only $2,330 to purchase 14.2 million ANSEM tokens. They have since sold 4.2 million ANSEM, cashing out approximately $68,100, and currently hold 10 million ANSEM, worth around $548,800 at current prices. To date, the trader’s combined realized and unrealized profits total about $614,500, translating to an ROI of roughly 261 times.
US officials: Israel has withdrawn troops from parts of the buffer zone in southern Lebanon.
A U.S. State Department official said Israel has withdrawn from parts of the buffer zone in southern Lebanon, describing the move as a "goodwill gesture" toward the Lebanese government.
6 minutes ago
CBRS trades below IPO price post-earnings: Erases all gains six weeks after listing, two smart money firms net $5.8 million from first-day IPO shorts.
According to Hyperinsight monitoring, Cerebras (CBRS), the AI chip firm previously dubbed "Nvidia’s strongest challenger", saw its stock price fall in stages after reporting its first quarterly results since going public, as negative guidance overshadowed better-than-expected performance. The stock has dropped roughly 22% since the earnings release and officially broke below its IPO price today. On-chain whales are overall bearish. CBRS trades at $184 on the Hyperliquid platform, down 7.7% in 24 hours. Large-scale short positions (million-dollar level) total around $11.62 million, 2.39 times the long positions ($4.87 million). Two major short positions were placed precisely at high levels as early as the IPO day or even before the IPO: - Whale 0xe0ff: Shorted at $284.51 on May 14 with a 3x leveraged position of $6.13 million, generating an unrealized profit of $3.24 million (+104%); - Whale 0x9996: Shorted at $275.92 on May 11 with a 5x leveraged position of $5.48 million, generating an unrealized profit of $2.64 million (+162%). It is learned that both addresses currently hold short positions in both CBRS and SPCX, and have recorded substantial unrealized profits, preferring to place short positions at high levels before or on the day of major stock listings. With the realization of negative earnings news in this round, the combined unrealized profit of the two positions is around $5.88 million. Currently, the average entry price of CBRS short whales is around $275, and the current price is over 30% lower than that. The nearest short liquidation line is at $200.13, about 7% away from the current price.
6 minutes ago
Multiple high-performing domestic public mutual fund products have tightened their purchase restrictions.
E Fund Management announced in its latest filing that the E Fund Information Industry Select Fund, managed by Zheng Xi, has cut its purchase limit to 10,000 yuan. The same purchase limit reduction to 10,000 yuan applies to another fund under his management, E Fund Information Industry Fund, while E Fund Global Growth Select Hybrid Fund (QDII) has lowered its purchase limit to 10 yuan. In addition, Guolianan Preferred Industry Fund, Harvest Tech Innovation Fund, and Principal Performance-Driven Fund have also announced purchase limits or adjustments to their limits recently. Jin Zicai, a fund manager closely watched by the market, imposed additional purchase limits on multiple public offering funds under his management, with the four funds involved cutting their purchase limits to 500 yuan starting June 23. Purchase limits on high-performing funds likely stem from multiple considerations: they can avoid return dilution caused by short-term concentrated subscriptions, and proactive limits during overheated market conditions also send risk warning signals to the market. As the first half of the year draws to a close, such moves have become increasingly frequent. Overall, Wind data shows that since June alone, 19 funds with year-to-date net asset value returns exceeding 90% have suspended large subscriptions or adjusted their purchase caps. (Source: Cailian Press)
6 minutes ago
The US stock market's optical communication sector rises across the board in pre-market trading, with Corning up 9.28%.
According to Bitget market data, the U.S. stock market's optical communication sector saw broad pre-market gains, with MRVL rising 4.99%, LITE up 3.24%, Nokia up 3.11%, Corning up 9.28%, and AXTI up 6.69%.
6 minutes ago
US-listed AI chip stocks saw mixed pre-market performance, with Qualcomm surging 13%.
According to Bitget market data, U.S. AI chip stocks posted mixed pre-market performance: Qualcomm (QCOM.O) surged 13%, Intel (INTC.O) rose nearly 6%, AMD (AMD.O) gained nearly 4%, and Google (GOOG.O) declined 1.4%.
6 minutes ago
Micron Technology surges 18% in pre-market trading on US stocks
According to Bitget market data, the US stock storage sector is seeing broad pre-market gains. Micron Technology (MU.O) jumps 18% in pre-market trading, as its strong earnings significantly exceeded expectations, with multiple major banks raising the stock’s target price. SanDisk (SNDK) rises 12.25%, Western Digital (WDC) gains 12.05%, and Seagate Technology (STX) climbs 8.63%.
Over the past 24 hours, several digital currencies have made strong gains, indicating that the cryptocurrency sector is picking up pace. According to CoinMarketCap, Worldcoin (WLD) increased substantially due to AI technology, while gold-backed tokens like PAX Gold (PAXG) and Tether Gold (XAUt) reached record high valuations. The combination generates potential for high-tech investors while protecting them from international economic instability, reflecting the maturation of the fledgling crypto sector.
Worldcoin and Gold-Backed Tokens are on Top Worldcoin (WLD) has been the most successful cryptocurrency today as it increased in price by 5.39% to $0.4884 with an associated trading volume of $780 million. The increase is due to the success of the biometric identification verification solution created by Sam Altman (CEO of OpenAI). Price increases seem to be associated with improvements to Worldcoin’s platform through its use of AMPC (Anonymous Multi-Party Computation) technology, which uses quantum computers to obfuscate and protect the digital representation of the World ID member’s numerical code, thereby addressing privacy issues related to Worldcoin.
The performance of Paxos Gold (PAXG) has been strong in the past week, up 4.69% or $5,532.74 with more than $1 billion in 24-hour trading volume. Since PAXG is a token that is backed 1:1 by physical gold that is stored in LBMA approved vaults, it reflects the performance of the overall gold market, which has recently hit a record high of more than $5,000 per ounce. The recent increase in gold-backed cryptocurrencies has been driven by macroeconomic factors such as strong central bank purchases of gold, geopolitical concerns, and expectations of Federal Reserve interest rate cuts.
Recent trade saw Tether Gold (XAUt) rise 4.64% to $5,516.95. Trade volume has been above $1 billion. Tether Gold uses blockchain networks to track ownership of actual gold for investors. Tether Gold (and other gold-backed tokens) are different from typical investments due to the legislative framework and blockchain technology, which allows institutional investors to employ Gold.
TRON and Emerging Projects Steady Performance TRON (TRX) had a 0.90% gain for the day, trading at $0.2946 with volume of $618 million. The blockchain platform has seen the benefit of its integration with Coinbase’s Base network, which has opened TRX to wider cross-chain liquidity as well as DeFi participation. TRON remains dominant in the volatile nature of the stablecoins industry as it hosts about $60 billion in the stablecoin market capitalization, making it appealing for users looking to send digital dollars for low-cost, fast transactions.
UNUS SED LEO (LEO) added 0.52% to trade at $9.21, and MemeCore (M) added 0.32% to lead $1.55. These gains provide evidence that even established tokens and meme projects are engaging in the positive trends of the market today.
Conclusion The current leading gainers in the crypto space show us that there is a wide variety of investment potential for Cryptocurrencies. Worldcoin provides us with a new way of digitally identifying people, whereas Tokenized Gold provides us with a way of coming together between traditional finance and blockchain. As crypto space matures, it will be driven by the continual maturation of regulations, continued technological innovation and increasing utilization of Cryptocurrencies in the real world.
AUTHOR
Farhan Karim is a technology writer and content strategist with 15+ years of experience writing thousands of articles, blogs, whitepapers, and ebooks on Blockchain, Cryptocurrency, and other tech niches. His expertise in content strategy, SEO, and a keen eye on the ever-evolving tech space have led him to work with companies like Pepsi, Huawei, Arab News, and now Blockchain Reporter.
PANews reported on March 1st, citing Cointelelegrap, that Iggy Ioppe, former Chief Investment Officer of Credit Suisse and current CIO of a liquidity infrastructure company, stated that because CME gold futures trading is suspended from 5:00 PM ET on Fridays to 6:00 PM ET on Sundays, tokenized gold assets such as PAX Gold (PAXG) and Tether Gold (XAUt) become the only publicly traded market. During this period, almost all publicly observable gold price formation occurs on-chain, thus tokenized gold performs almost 100% of the price discovery function during the weekend.
This week, amid geopolitical shocks such as the US-Israel airstrikes against Iran, tokenized gold prices surged, briefly breaking through key price levels, driven by safe-haven demand. Simultaneously, major crypto assets like Bitcoin and Ethereum experienced a synchronized decline. Currently, key participants in these on-chain gold markets include market makers, cross-market liquidity providers, and crypto-native macro traders, who utilize tokenized gold for arbitrage, collateralization, hedging, and yield strategies. Some institutions also monitor on-chain gold price movements over the weekend to assess potential "gaps" before the CME market opens, but they primarily view it as a reference signal rather than a direct basis for establishing positions.
Physical gold prices climbed to their highest level in a month as safe-haven demand spiked amid escalating geopolitical tensions.
At the same time, the move into bullion is spilling into digital markets. On-chain data shows a surge in the accumulation of tokenized gold assets.
Gold Prices Advance as Investors Seek SafetyGold rose 2% on March 2, reaching an intraday high of $5,394 per ounce, its highest level since January 30. At press time, the price had adjusted to $5,363.7.
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Gold Price on March 2. Source: TradingViewThe catalyst was direct: US and Israeli strikes on Iran sparked safe-haven flows into precious metals across global markets. Monday’s flare-up injected additional momentum into the precious metal’s broader rally. Gold has delivered notable returns, rising approximately 65% in 2025 alone.
For crypto participants, the timing mattered. With digital asset markets simultaneously experiencing renewed volatility, tokenized gold offered a path to preserve gold exposure without relying on traditional finance rails.
Major Purchases Highlight Tokenized Gold DemandOn-chain analytics firm Lookonchain identified an inactive wallet that spent $1 million USDC to buy PAX Gold (PAXG) and Tether Gold (XAUT) tokens. The address, labeled 0x1C70, performed multiple swaps over several hours and still holds $4 million USDC.
“The wallet still holds 4M USDC and may buy more,” Lookonchain said.
Additionally, an Ethereum whale rotated holdings from ETH into XAUT while accepting a realized loss. OnchainLens reported that the wallet (0x744b) swapped 1,000 ETH, valued at $1.94 million, for 358.49 XAUT at $5,413, incurring a loss of over $60,000.
“Over the past 2 years, the whale received 1,645 ETH for $3.26 million and still holds 645 ETH ($1.25 million),” the post read.
Meanwhile, London-based asset manager Abraxas Capital Management’s gold holdings also rose. An on-chain analyst, citing data from blockchain intelligence platform Arkham Intelligence, reported that the firm received 28,723 XAUT tokens, valued at $151 million, from Tether’s treasury. The transfer marked the largest XAUT transaction recorded in the past three weeks.
“Interesting fact: Heka Funds (Abraxas Capital) is one of Tether’s largest and most important institutional clients. At one point, it held 1.5% of the total USDT supply. Among Tether’s publicly disclosed on-chain address clusters, it currently ranks as the second-largest entity by interaction volume,” the analyst added.
The increase in tokenized gold accumulation corresponds with greater interest in alternative stores of value within crypto. Investors may favor gold-backed tokens for price stability and potential gains linked to metals markets, while risking less from the volatility typical of many digital assets.
BeInCrypto recently reported that the tokenized gold sector has recorded significant expansion, with its market capitalization now exceeding $6 billion. Furthermore, according to CoinGecko, daily trading volumes for both XAUT and PAXG surpassed $1 billion yesterday, signaling strong investor demand.
Whether this is a temporary flight to safety or marks a sustained move toward commodity-backed digital tokens remains a question as March 2026 progresses and more on-chain data emerges.
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PANews reported on March 20th that, according to Decrypt, the World Gold Council, founded in 1987, is collaborating with the Boston Consulting Group to propose a "Gold as a Service" framework. This framework aims to establish standards for tokenized gold, challenging crypto-native issuers such as Tether Gold and PAX Gold. The service will provide a shared network enabling companies issuing tokenized gold to access a unified platform to manage physical reserves, enhance trust through continuous auditing, and establish fungibility between products.
The tokenized gold market, currently dominated by Paxos and Tether, has a total market capitalization of approximately $4.9 billion, with each having established its own independent custody and issuance system. The World Gold Council launched the first physical gold ETF in the United States, SPDR Gold Shares, in 2004, which currently has a market capitalization of $126 billion. The council states that the new service could lower the entry barrier for issuers and is expected to spawn hundreds of tokenized gold products.
[PRESS RELEASE – Road Town, British Virgin Islands, April 9th, 2026]
Today, USDT0, the unified liquidity network for Tether’s US dollar-pegged stablecoin (USDT), announces XAUt0, the omnichain deployment of Tether Gold (XAUt), is now live on the Conflux Network, expanding access to tokenized gold within one of Asia’s most strategically connected blockchain ecosystems.
With this launch, XAUT0 joins USDT0 on Conflux, giving developers and users access to both dollar-denominated stablecoin liquidity and gold-backed digital assets within the same omnichain environment. Together, these assets allow builders across the Conflux ecosystem to work with two of the world’s most widely trusted forms of money in a borderless, programmable format.
“As tokenized assets continue to move onchain, access to trusted monetary instruments becomes increasingly important,” said Lorenzo Romagnoli, Co-Founder of USDT0 and XAUt0. “By bringing XAUt0 to Conflux, we’re expanding the reach of tokenized gold and enabling developers to integrate a historically trusted store of value directly into cross-chain financial applications.”
XAUt0 extends the functionality of Tether Gold by allowing balances to move seamlessly across supported blockchains using LayerZero’s Omnichain Fungible Token (OFT) standard. Each XAUt0 token maintains the same exposure to physical gold as XAUt while enabling transfers between chains without relying on wrapped tokens or fragmented liquidity pools.
With XAUt0 available on Conflux, the ecosystem can now support a range of new use cases, including:
Seamless value movement across ecosystems using omnichain gold liquidity Gold-backed collateral for lending markets and structured financial products Payment and settlement models incorporating tokenized commodities Cross-chain trading strategies combining gold exposure with stablecoins and other digital assets The launch aligns with Conflux’s position as a bridge between Asian markets and global blockchain infrastructure. As the only public, permissionless blockchain with regulatory approval for use in China, Conflux plays a unique role connecting regional financial innovation with the broader on-chain economy.
“With XAUt0 joining USDT0 on Conflux, our ecosystem gains access to a diversified set of omnichain assets that developers can build around,” said Yuanjie Zhang of Co-founder and COO of Conflux Network. “Tokenized gold alongside stablecoin liquidity opens the door for new financial applications that combine stability, liquidity, and global accessibility.”
Stablecoins have become the transactional backbone of many on-chain markets, while gold has served as a trusted store of value for centuries. By enabling both assets to move seamlessly across blockchain networks, Conflux is positioning itself as a platform where developers can build financial applications that remain resilient across changing market conditions while tapping into deep, unified liquidity.
For more information, users can visit gold.usdt0.to or follow USDT0 on Twitter @USDT0_to.
About USDT0
USDT0, the unified liquidity network for USDT, simplifies cross-chain movement without fragmented pools or complex bridges. As the unified gateway for USDT interoperability and expansion, USDT0 simplifies cross-chain liquidity, enhances accessibility, and unlocks new use cases for Tether holders, businesses, and DeFi platforms. With a focus on efficiency and scalability, USDT0 is redefining how USDT operates across networks. For more information, users can visit USDT0.to or follow on Twitter @USDT0_to.
About Everdawn Labs
Everdawn Labs is a premier software development consultancy, specializing in crafting bespoke software solutions that drive innovation, efficiency, and growth in the digital asset ecosystem. Everdawn Labs manages and operates USDT0, the unified liquidity network for Tether (USDT), XAUt0, the omnichain deployment of Tether Gold (XAUt), and contributes to the development of Alloy by Tether, a USD-denominated Tethered Asset backed by gold. For more information, users can visit everdawn.to.
About Conflux Network
Conflux Network is a permissionless Layer 1 blockchain that connects decentralized economies worldwide. It utilizes a hybrid PoW/PoS consensus mechanism, ensuring a fast, secure, and scalable blockchain environment. Conflux operates without congestion, maintains low fees, and prioritizes network security.
Being the leading regulatory-compliant public blockchain in China, Conflux offers advantages for projects entering the Asian market. In its partnerships, Conflux collaborates with global brands and government entities, including Shanghai, China Telecom, Little Red Book (China’s Instagram), McDonald’s China, and Oreo. These noteworthy collaborations serve as a testament to Conflux’s unwavering dedication to driving blockchain and metaverse initiatives. For more information, users can visit confluxnetwork.org.
Key Takeaways Stablecoin giant submits seven trademark applications in South Korea for brand protection.
Applications cover company branding, corporate identity, and Tether Gold stablecoin.
Filings indicate preparations for establishing local operations in the Korean market.
Strategic move aligns with anticipated regulatory requirements for foreign issuers.
Comprehensive IP strategy positions company for competitive advantage in Asia.
The world’s leading stablecoin issuer has ramped up its South Korean expansion strategy with seven comprehensive trademark applications. Documents filed with Korean authorities include protections for corporate branding, visual identity elements, and the gold-backed digital asset XAUT. Market analysts suggest these filings lay the foundation for direct operational presence in one of Asia’s most active cryptocurrency markets.
Unlike previous limited filings centered on individual product designations, this latest batch demonstrates a holistic approach to market entry. Registration documents submitted to the Korea Intellectual Property Rights Information Service (KIPRIS) encompass wide-ranging intellectual property assets. Financial experts view this development as preparatory work for launching comprehensive business activities within Korean borders.
The timing coincides with significant regulatory developments in South Korea’s digital asset sector. Pending legislation under the Digital Asset Basic Act may mandate foreign stablecoin providers to register local subsidiaries. Tether appears to be taking preemptive action to meet these anticipated compliance standards while maintaining operational agility.
Comprehensive Brand Protection Strategy Emerges The trademark portfolio extends well beyond cryptocurrency products to encompass complete corporate identity assets. This comprehensive scope indicates plans for substantial market integration rather than limited product availability. The strategic filing strengthens the company’s competitive position relative to rival issuers like Circle in the Korean marketplace.
These intellectual property registrations demonstrate sophisticated legal preparation. Securing exclusive rights to company nomenclature and visual branding in South Korea creates a robust foundation for business development. This legal infrastructure could enable collaborations with domestic cryptocurrency exchanges and traditional financial institutions.
Additionally, the inclusion of Tether Gold trademark applications reveals diversified product ambitions. The precious metal-backed digital currency may appeal to Korean investors seeking alternative stable assets. The company is clearly preparing to offer multiple stablecoin variants tailored to local market preferences.
Regulatory Evolution Shapes Corporate Strategy South Korea’s cryptocurrency regulatory framework continues to mature rapidly. Government officials are drafting requirements that would compel international stablecoin operators to maintain physical business entities domestically. The company’s trademark filings suggest proactive compliance planning ahead of formal rule implementation.
This timeline corresponds with expanded corporate engagement throughout the region. Tether representatives have conducted meetings with Korean financial conglomerates and trading platforms. These relationship-building initiatives could expedite the establishment of local business operations and partnerships.
Market commentators highlight the competitive benefits of early preparation. Securing trademarks before competitors minimizes future administrative obstacles and potential disputes. The strategy also demonstrates corporate transparency and willingness to work within established regulatory frameworks.
Foundation Set for Market Operations The extensive filing activity reveals deliberate planning to establish meaningful presence in Asia’s vibrant digital asset ecosystem. This expanded intellectual property foundation enables potential launch of localized services and products. Financial analysts interpret these moves as components of a sustained regional growth initiative.
The company’s current strategy represents significant evolution from earlier narrow product-focused registrations. Tether now prioritizes protection of both corporate identity and product lines simultaneously. This multifaceted approach indicates serious commitment to substantial Korean market participation.
These South Korean initiatives highlight the company’s broader international expansion objectives. Establishing regulated operations in key markets could accelerate stablecoin adoption across Asia. The stablecoin issuer continues positioning itself strategically ahead of competitors in high-priority jurisdictions worldwide.
Oliver Dale
Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]
PANews reported on May 20th that, according to Cryptopolitan, Tether, the issuer of the stablecoin USDT, is actively pursuing its plans to enter the South Korean market. The Korea Intellectual Property Information Service (KIPRIS) recently received a total of seven trademark applications from Tether. While Tether's previous filings in South Korea primarily focused on stablecoin product names, these new applications include the company brand itself and its gold-backed stablecoin, Tether Gold (XAUT).
Top 1 On-Chain Liquidation: ETH Bull Whale Hit With 4 Consecutive Forced Liquidations, $14.11 Million in Positions Liquidated
According to Hyperinsight monitoring, today’s largest liquidation on the Hyperliquid platform involved a high-leverage Ethereum (ETH) long whale. The address opened a long position yesterday when ETH was trading at roughly $1,661, and immediately incurred losses after entry. Triggered by ETH’s short-term dip below $1,600 in the early hours of today, the whale faced four consecutive liquidations, resulting in the forced closure of a total of 8,734 ETH positions valued at approximately $14.11 million. The address now holds less than $150,000 in remaining funds, with all positions fully cleared. Address: 0x1cb0b187c14a8c0fb36ca0dcbb775dcc7f02b408
21 minutes ago
A certain on-chain address opened long positions in BTC, ETH, and silver, and purchased $10.699 million worth of BTC and ETH spot.
According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, address 0x960…3f0fc simultaneously went long on both futures and spot positions this early morning, opening long positions of 102.55 BTC, 954.38 ETH, and 8,790 silver units, with total position value around $8.29 million. It also purchased spot BTC and ETH worth approximately $10.699 million. Its current take-profit levels are set at $63,000 for BTC and $1,650 for ETH.
21 minutes ago
A whale that reaped over $23.77 million in profits from the Basic Attention Token (BAT) ICO has reawakened after six years of dormancy, offloading 12,600 ETH in the past two days.
According to monitoring by EmberCN, a whale address that participated in the BAT ICO in 2017 and generated approximately $23.77 million in total profits has started selling ETH recently after six years of inactivity. Over the past two days, the address has sold 12,586 ETH, receiving 20.59 million USDS in exchange, at an average selling price of roughly $1,636. The whale invested 17,789 ETH in the BAT ICO in May 2017, acquiring around 113.8 million BAT. It then sold BAT gradually over approximately two and a half years at an average price of $0.245, netting about $23.77 million in profits, with some of the BAT converted into 27,586 ETH. Since then, the ETH has remained inactive for a long time until it resumed reducing its holdings recently. Currently, the address still holds around 15,000 ETH, valued at approximately $24.29 million.
21 minutes ago
Japanese storage firm Kioxia plans to list American Depositary Receipts (ADRs) in the U.S. in April or May next year.
Market news: Japanese storage chip maker Kioxia plans to list its American Depositary Receipts (ADRs) in the U.S. in April or May next year. (Jinshi)
21 minutes ago
Micron's earnings report lifts SK Hynix's stock price 11%, trader 'yixie' expands their unrealized profit to $1.3 million.
According to Hyperinsight monitoring, Micron’s Q3 financial results exceeded all expectations, driving peer SK Hynix’s stock to rally nearly 11% from its recent low. On the Hyperliquid platform, SKHYNIX is currently trading at $1,821, up 6.2% in the past 24 hours. Prominent trader yixie (X: @yixie10) nearly doubled his principal during this rally; he is now holding a 2x long position of 2,289 SKHYNIX contracts at an average entry price of ~$1,239.9. Fueled by the rally, the position’s unrealized profit has expanded to $1.37 million, a 96% gain. As of press time, the trader boasts an 85% win rate in semiconductor storage stock trades since opening positions this year, with total historical profits of $6.68 million, including $4.25 million from Micron Technology trades. Address: 0xa65ce1d604fa901c13aa29f2126a57d9032e412b – HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable message sending permission) to automatically sync on-chain news.
21 minutes ago
STRC drops to near $80, marking another new all-time low.
According to Bitget market data, Strategy’s preferred stock STRC has dropped to a low of $80.26, hitting a new all-time low since its listing. Calculated based on a $100 par value, the current discount has reached 20%.
TLDR:Tokenized Gold Captures Nearly Entire Commodity MarketEthereum Leads As RWA Adoption Expands Across MarketsGet 3 Free Stock Ebooks Tokenized gold now represents nearly the entire blockchain-based commodity market worldwide. a16z Crypto data shows tokenized silver and oil products remain far behind gold adoption. Ethereum leads the tokenized asset sector with over $15 billion in on-chain value locked. Investors increasingly use tokenized gold for defensive exposure during market uncertainty periods. Tokenized gold has emerged as the dominant force within the on-chain commodity sector after crossing the $5 billion mark.
Fresh data from a16z Crypto shows investors increasingly moving toward blockchain-based hard assets as macro uncertainty continues reshaping capital allocation strategies across digital markets.
Tokenized Gold Captures Nearly Entire Commodity Market Tokenized gold now accounts for almost all value within the tokenized commodity sector, according to recent a16z Crypto data. Figures from rwa.xyz placed the broader market near $5.1 billion as of May 2026.
Out of that total, tokenized gold represented approximately $5 billion alone. The remaining commodity categories contributed only a small fraction of overall market capitalization.
Tokenized silver products remained limited, with valuations near $28 million. Gold ETF-linked tokenized exposure, including iShares Gold Trust products, stood at around $14 million.
Meanwhile, tokenized oil, agriculture, and synthetic commodity assets barely registered within the sector. Those categories collectively accounted for less than $3 million in market value.
🐋 WHALE WATCH: Tokenized gold just reached a massive milestone of 5 billion dollars on chain.
It currently represents almost the entire value of the tokenized commodity sector.
Other assets like silver and oil are barely pulling in any significant volume.
Investors clearly… pic.twitter.com/m8Gy5naRXz
— Whale Factor (@WhaleFactor) May 24, 2026
The report noted that gold’s global liquidity and standardized pricing structure make it naturally suited for tokenization. Blockchain infrastructure also allows faster settlement and easier transferability across digital platforms.
Products like Pax Gold and Tether Gold continue driving adoption by linking physical gold reserves to blockchain-based ownership. Investors can hold tokenized gold directly through crypto wallets without relying on traditional custody systems.
The growing market share also reflects changing investor behavior during periods of elevated economic uncertainty. Traders increasingly seek defensive positioning while maintaining exposure inside crypto-native ecosystems.
Unlike volatile altcoins, tokenized gold offers lower price fluctuations while preserving blockchain liquidity advantages. That combination has strengthened demand among both retail traders and institutional participants.
Tokenized gold has surged to nearly $5 billion in market value, dominating the on-chain commodity sector as investors seek blockchain-based safe-haven exposure.
Ethereum Leads As RWA Adoption Expands Across Markets The tokenized asset sector has expanded rapidly during the past two years. According to a16z Crypto, the broader real-world asset market recently surpassed $30 billion, excluding stablecoins.
Source: RWA.xyz
Government debt products currently lead the tokenized asset sector with approximately $15.2 billion in value. Asset managers, including BlackRock and Franklin Templeton, accelerated product launches amid rising institutional demand.
Ethereum remains the largest blockchain supporting tokenized assets, hosting nearly $15.7 billion across the sector. BNB Chain, Solana, Stellar, and Liquid Network also maintained sizable shares within the market.
Despite rising valuations, most tokenized commodity products remain lightly integrated into decentralized finance applications. Many investors continue holding tokenized gold primarily as a reserve-style asset rather than active collateral.
The report explained that only a small percentage of tokenized Treasury products currently interact with DeFi protocols.
Categories specifically designed for on-chain utility continue showing stronger composability across decentralized applications.
Tokenized gold adoption also reflects broader changes in crypto markets. Investors are increasingly combining Bitcoin exposure with defensive assets linked to traditional stores of value.
That shift suggests digital asset markets are gradually evolving beyond speculation-focused trading cycles. Blockchain infrastructure now supports both high-growth assets and lower-volatility capital preservation strategies.
Gold now dominates nearly the entire tokenized commodity market as investors rotate toward trusted blockchain-based hard assets.
Something important is happening in the crypto finance world. Tether and Fasset have just taken a new step for digital gold. The two companies have launched the first gold-backed Visa card, allowing the spending of tokenized assets while receiving rewards in XAU₮. An initiative that brings traditional finance and digital assets even closer!
In brief Tether and Fasset launch the first gold-backed Visa card. Each purchase passively accumulates gold. The solution mainly targets emerging markets. A historic turning point for digital gold For centuries, gold has been a store of value and never a daily means of payment. Tether has just changed this equation. In partnership with Fasset, a digital banking platform active in Asia and Africa, the stablecoin giant launches a functional Visa card. The latter is accepted everywhere in the world where Visa is accepted.
But that’s not the most surprising part! Each transaction made with the card generates up to 6% cashback in XAU₮, Tether’s gold token, directly into the user’s wallet.
The mechanism is simple:
The user pays in fiat currency. The system converts XAU₮ into USDT, then into fiat in real time. The gold cashback is credited instantly. The new Visa card even includes an automatic rounding feature. More explicitly, the leftover virtual currency after each purchase is automatically invested in XAU₮. This allows passive accumulation of gold without effort.
1 million dollars put on the table by Tether To launch the ecosystem, Tether commits up to 1 million dollars in XAU₮. The goal: to fund the rewards program. For crypto experts, this is a strong signal: the company is not testing, it is betting.
According to Tether CEO Paolo Ardoino in the statement, the goal is to connect tokenized gold to global payment systems to make it truly usable, without friction or borders. Note that the total capitalization of tokenized digital gold today exceeds 5.3 billion dollars. And XAU₮ alone represents more than 2.6 billion.
For its part, Fasset reports 32 billion dollars in annualized volumes, of which 95% are in real assets. The company aims to make Tether Gold the most held digital gold token in emerging markets. In regions where monetary volatility is high, access to a safe-haven asset like gold via a simple payment card represents an unprecedented opportunity for millions of users.
In any case, this launch marks much more than a commercial partnership. It signals a transition: tokenized gold enters the real economy, accessible daily, for everyone.
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Ariela R.
My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Top 1 On-Chain Liquidation: ETH Bull Whale Hit With 4 Consecutive Forced Liquidations, $14.11 Million in Positions Liquidated
According to Hyperinsight monitoring, today’s largest liquidation on the Hyperliquid platform involved a high-leverage Ethereum (ETH) long whale. The address opened a long position yesterday when ETH was trading at roughly $1,661, and immediately incurred losses after entry. Triggered by ETH’s short-term dip below $1,600 in the early hours of today, the whale faced four consecutive liquidations, resulting in the forced closure of a total of 8,734 ETH positions valued at approximately $14.11 million. The address now holds less than $150,000 in remaining funds, with all positions fully cleared. Address: 0x1cb0b187c14a8c0fb36ca0dcbb775dcc7f02b408
21 minutes ago
A certain on-chain address opened long positions in BTC, ETH, and silver, and purchased $10.699 million worth of BTC and ETH spot.
According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, address 0x960…3f0fc simultaneously went long on both futures and spot positions this early morning, opening long positions of 102.55 BTC, 954.38 ETH, and 8,790 silver units, with total position value around $8.29 million. It also purchased spot BTC and ETH worth approximately $10.699 million. Its current take-profit levels are set at $63,000 for BTC and $1,650 for ETH.
21 minutes ago
A whale that reaped over $23.77 million in profits from the Basic Attention Token (BAT) ICO has reawakened after six years of dormancy, offloading 12,600 ETH in the past two days.
According to monitoring by EmberCN, a whale address that participated in the BAT ICO in 2017 and generated approximately $23.77 million in total profits has started selling ETH recently after six years of inactivity. Over the past two days, the address has sold 12,586 ETH, receiving 20.59 million USDS in exchange, at an average selling price of roughly $1,636. The whale invested 17,789 ETH in the BAT ICO in May 2017, acquiring around 113.8 million BAT. It then sold BAT gradually over approximately two and a half years at an average price of $0.245, netting about $23.77 million in profits, with some of the BAT converted into 27,586 ETH. Since then, the ETH has remained inactive for a long time until it resumed reducing its holdings recently. Currently, the address still holds around 15,000 ETH, valued at approximately $24.29 million.
21 minutes ago
Japanese storage firm Kioxia plans to list American Depositary Receipts (ADRs) in the U.S. in April or May next year.
Market news: Japanese storage chip maker Kioxia plans to list its American Depositary Receipts (ADRs) in the U.S. in April or May next year. (Jinshi)
21 minutes ago
Micron's earnings report lifts SK Hynix's stock price 11%, trader 'yixie' expands their unrealized profit to $1.3 million.
According to Hyperinsight monitoring, Micron’s Q3 financial results exceeded all expectations, driving peer SK Hynix’s stock to rally nearly 11% from its recent low. On the Hyperliquid platform, SKHYNIX is currently trading at $1,821, up 6.2% in the past 24 hours. Prominent trader yixie (X: @yixie10) nearly doubled his principal during this rally; he is now holding a 2x long position of 2,289 SKHYNIX contracts at an average entry price of ~$1,239.9. Fueled by the rally, the position’s unrealized profit has expanded to $1.37 million, a 96% gain. As of press time, the trader boasts an 85% win rate in semiconductor storage stock trades since opening positions this year, with total historical profits of $6.68 million, including $4.25 million from Micron Technology trades. Address: 0xa65ce1d604fa901c13aa29f2126a57d9032e412b – HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable message sending permission) to automatically sync on-chain news.
21 minutes ago
STRC drops to near $80, marking another new all-time low.
According to Bitget market data, Strategy’s preferred stock STRC has dropped to a low of $80.26, hitting a new all-time low since its listing. Calculated based on a $100 par value, the current discount has reached 20%.
Updated Jun 16, 2026, 6:23 a.m. Published Jun 16, 2026, 5:52 a.m.
2 min read
Bybit offers options tied to tether gold. (Scottsdale Mint/Unsplash/Modified by CoinDesk)Summary
Bybit has launched options trading on Tether Gold (XAUT).These options, settled in USDT, let traders hedge risk, speculate on gold prices. Bybit has partnered with options market maker Orbit Markets to ensure institutional-grade liquidity.Bybit, one of the world’s top cryptocurrency exchanges by trading volume, has launched options trading on Tether Gold (XAUT), a token that provides you ownership of real physical gold.
The XAUT options are now live and allow traders to hedge risk, speculate on gold price movements, trade volatility, and build custom strategies through Bybit’s Request for Quote (RFQ) system for over-the-counter (OTC) deals.
Bybit partnered with Orbit Markets, a leading crypto options market maker, to ensure deep liquidity from the start. Orbit’s team brings significant expertise, including former senior executives from precious metals trading desks, notably the ex-APAC Head of Currencies and Precious Metals at Deutsche Bank.
“As tokenization accelerates, we believe the distinction between crypto and TradFi will continue to narrow,” said Jimmy Yang, co-founder of Orbit Markets. “Gold options are a cornerstone of traditional derivatives markets, and we are excited to see growing interest in TradFi derivatives within crypto.”
The XAUT options are European-style contracts settled in dollar-pegged stablecoin USDT, with each options contract corresponding to one XAUT token, which itself represents one troy ounce of physical gold.
What Are Options?Options are derivative contracts that give the buyer the right, but not the obligation, to buy or sell the underlying asset at a set price before or on a specific date. A call option gives the right to buy, while a put option gives the right to sell.
Think of it like paying a small fee (the premium) for the right to buy a property at today’s price in the future. If the price rises, you can still buy at the lower agreed price. If it falls, you can walk away and only lose the premium. That’s a call. A put works in the opposite direction.
Traders primarily use options to hedge directional risk or to express views on volatility.
Market sizeThe global gold options market is already a multi-billion-dollar industry, dominated by exchanges like the CME and India’s MCX, with a large portion of volume traded OTC.
Bybit’s launch brings this established asset class on-chain for the first time on a major crypto platform.
XAUT options have been available on smaller platforms like CoinCall since November 2024, but Bybit’s entry marks the first time a top-tier exchange has offered them with institutional-grade liquidity support.
Bybit just gave gold bugs a new toy. The exchange launched options trading for Tether Gold (XAUT) on June 12, making it the first crypto exchange to offer options on a tokenized real-world asset.
Each XAUT token represents ownership of one troy ounce of physical gold. Now traders can run hedging strategies, volatility plays, and directional bets on that gold exposure without ever touching a traditional commodities desk.
What Bybit actually built The new XAUT options market isn’t just a vanilla listing. Bybit partnered with Orbit Markets to implement Request for Quote (RFQ) functionality, a mechanism designed specifically for institutional clients who need customized options contracts rather than off-the-shelf products.
Standard options on an exchange let you pick from predetermined strike prices and expiration dates. RFQ systems let big players request exactly the contract they want, and market makers compete to fill it.
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Orbit Markets CEO Caroline Mauron highlighted the growing interest in traditional finance products within crypto markets as a driving force behind the partnership.
Yoyee Wang from Bybit stated the exchange is proud to be the first to launch options on real-world assets, underscoring the significance of bringing derivatives traditionally found in legacy markets onto blockchain-native platforms.
Bybit’s gold strategy has been building for months This options launch didn’t come out of nowhere. Bybit has been methodically constructing a suite of gold-backed products throughout 2026.
The exchange previously introduced XAUT perpetual contracts, giving traders leveraged exposure to tokenized gold without expiration dates. In March 2026, Bybit rolled out the XAUT Earn product, which lets holders generate yield on their gold-backed tokens.
Then there was the “Golden Season” promotion, a joint initiative between Bybit and Tether that distributed over $1 million in gold-backed rewards.
What this means for investors Covered calls let gold holders generate income on positions they plan to keep. Protective puts create a floor under portfolio values during uncertain markets. Straddles and strangles let traders profit from volatility without picking a direction.
For institutional players specifically, the RFQ functionality removes a major barrier to entry. Large funds typically can’t operate with standard retail options because their position sizes would move the market. Custom quotes from dedicated market makers solve that problem.
The risk? Tokenized gold options add a layer of complexity and counterparty exposure that doesn’t exist when you simply buy XAUT and hold it. Traders need to understand that these options carry the standard risks of any derivatives market, including liquidity gaps during volatile periods, potential for significant losses on leveraged positions, and the platform risk inherent to any centralized exchange.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Stablecoin issuer Tether is winding down Alloy by Tether and its gold-backed, overcollateralized aUSDT stablecoin after just two years to focus on products and areas with stronger demand.
Tether announced its “strategic changes” on Wednesday following a review of user activity, market demand, and the company’s “broader priorities.”
Tether said it has decided to focus resources on areas where it is seeing “stronger user demand, deeper liquidity and broader long-term market opportunity,” including its gold-backed digital asset XAUT and other core products across its ecosystem.
While stablecoins remain Tether’s core business, the company has shown a growing interest in technology outside stablecoins. Its investments include Bitcoin mining infrastructure, artificial intelligence, cloud computing and robotics. Most recently, it led German tech company NEURA’s $1 billion funding round on June 11.
Tether’s aUSDT is an overcollateralized derivative product built on top of XAUT using Ethereum smart contracts, which also reflects the demand for gold-backed and tokenized real-world assets.
Alloy by Tether allowed users to deposit XAUT as collateral to mint aUSDT, with the value of XAUT locked exceeding the value of aUSDT issued, similar to how some stablecoins or synthetic dollars are created against crypto collateral in DeFi.
Users could borrow or mint against their XAUT holdings, letting them access dollar-like liquidity without selling their gold exposure.
Alloy by Tether, announced in June 2024, has a current market capitalization of $1.2 million and is backed by 14.73 kilograms of gold worth around $2.2 million, according to Tether.
Tether Gold remains popular The winding down will happen in phases, the first of which starts immediately by preventing the opening of new positions or the minting of new aUSDT. Users have three months to return their aUSDT and reclaim their XAUT until the cut-off date on Sept. 17.
XAUT remains popular with a market capitalization of $3 billion and is backed by 22,169 kilograms of physical gold, according to the company.
Its market cap surged earlier this year when gold prices hit an all-time high of just over $5,300 per ounce. However, it has retreated by 19% since then.
Tether also bought a 12% stake in precious metals platform Gold.com for $150 million in February, with plans to integrate XAUT into the platform.
Chinese yuan and euro stablecoins axed Alloy by Tether is not the only product the company has shelved this year.
In February, Tether announced it was discontinuing its Chinese yuan stablecoin, CNHT, citing “evolving market conditions, low interest in the product, and limited sustained community demand,” relative to other supported assets.
In November, it wound down its euro stablecoin, EURT, citing European regulatory issues and a focus on other initiatives such as Hadron, its asset tokenization platform launched in 2024.
However, in May, Tether announced that it planned to launch a Georgian lari stablecoin, GELT, in cooperation with the government of Georgia.
Magazine: The end of anon? AI could unmask crypto’s hidden identities
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Top 1 On-Chain Liquidation: ETH Bull Whale Hit With 4 Consecutive Forced Liquidations, $14.11 Million in Positions Liquidated
According to Hyperinsight monitoring, today’s largest liquidation on the Hyperliquid platform involved a high-leverage Ethereum (ETH) long whale. The address opened a long position yesterday when ETH was trading at roughly $1,661, and immediately incurred losses after entry. Triggered by ETH’s short-term dip below $1,600 in the early hours of today, the whale faced four consecutive liquidations, resulting in the forced closure of a total of 8,734 ETH positions valued at approximately $14.11 million. The address now holds less than $150,000 in remaining funds, with all positions fully cleared. Address: 0x1cb0b187c14a8c0fb36ca0dcbb775dcc7f02b408
21 minutes ago
A certain on-chain address opened long positions in BTC, ETH, and silver, and purchased $10.699 million worth of BTC and ETH spot.
According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, address 0x960…3f0fc simultaneously went long on both futures and spot positions this early morning, opening long positions of 102.55 BTC, 954.38 ETH, and 8,790 silver units, with total position value around $8.29 million. It also purchased spot BTC and ETH worth approximately $10.699 million. Its current take-profit levels are set at $63,000 for BTC and $1,650 for ETH.
21 minutes ago
A whale that reaped over $23.77 million in profits from the Basic Attention Token (BAT) ICO has reawakened after six years of dormancy, offloading 12,600 ETH in the past two days.
According to monitoring by EmberCN, a whale address that participated in the BAT ICO in 2017 and generated approximately $23.77 million in total profits has started selling ETH recently after six years of inactivity. Over the past two days, the address has sold 12,586 ETH, receiving 20.59 million USDS in exchange, at an average selling price of roughly $1,636. The whale invested 17,789 ETH in the BAT ICO in May 2017, acquiring around 113.8 million BAT. It then sold BAT gradually over approximately two and a half years at an average price of $0.245, netting about $23.77 million in profits, with some of the BAT converted into 27,586 ETH. Since then, the ETH has remained inactive for a long time until it resumed reducing its holdings recently. Currently, the address still holds around 15,000 ETH, valued at approximately $24.29 million.
21 minutes ago
Japanese storage firm Kioxia plans to list American Depositary Receipts (ADRs) in the U.S. in April or May next year.
Market news: Japanese storage chip maker Kioxia plans to list its American Depositary Receipts (ADRs) in the U.S. in April or May next year. (Jinshi)
21 minutes ago
Micron's earnings report lifts SK Hynix's stock price 11%, trader 'yixie' expands their unrealized profit to $1.3 million.
According to Hyperinsight monitoring, Micron’s Q3 financial results exceeded all expectations, driving peer SK Hynix’s stock to rally nearly 11% from its recent low. On the Hyperliquid platform, SKHYNIX is currently trading at $1,821, up 6.2% in the past 24 hours. Prominent trader yixie (X: @yixie10) nearly doubled his principal during this rally; he is now holding a 2x long position of 2,289 SKHYNIX contracts at an average entry price of ~$1,239.9. Fueled by the rally, the position’s unrealized profit has expanded to $1.37 million, a 96% gain. As of press time, the trader boasts an 85% win rate in semiconductor storage stock trades since opening positions this year, with total historical profits of $6.68 million, including $4.25 million from Micron Technology trades. Address: 0xa65ce1d604fa901c13aa29f2126a57d9032e412b – HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable message sending permission) to automatically sync on-chain news.
21 minutes ago
STRC drops to near $80, marking another new all-time low.
According to Bitget market data, Strategy’s preferred stock STRC has dropped to a low of $80.26, hitting a new all-time low since its listing. Calculated based on a $100 par value, the current discount has reached 20%.
Tether will phase out its derivative stablecoin that is pegged to gold, aUSDT, because of its poor adoption. The organization will concentrate on the growth of Tether Gold (XAUt) whose demand has been rising significantly in the market. Tether revealed its plans to cease support for its derivative gold stablecoin aUSDT after the organization decided to change its product strategy. The organization released the stablecoin in 2024 through Alloy by Tether. Itsa platform created to tokenize digital assets using tokenized collateral. In this case, users were able to mint their own dollar-pegged asset while holding Tether Gold (XAUt). And they still have exposure to the gold-backing reserve. Unfortunately, aUSDT did not gain widespread acceptance as other products from Tether.
Tether reported that the feedback from Alloy was quite useful regarding its understanding of the demand of products Such as gold-backed digital assets, products with collateral, and tokenization of real-world assets. Moreover, Tether further said that it will focus on delivering such services where there is strong demand and good liquidity. Furthermore, it was reported that Alloy had a market capitalization of approximately $1.2 million. Tether used 14.73 kilograms of gold valued at roughly $2.2 million to back the product.
Tether said aUSDT users may redeem their tokens as the company gradually retires the product. The firm shifted its strategy to invest more resources in products that attract higher user demand. Market observers noted that crypto companies often adjust their strategies based on product performance and user adoption.
According to Tether, the firm decided not to affect its Tether Gold product at all. Unlike aUSDT, which allows users to gain exposure to crypto-related assets, Tether Gold links each token to physical gold bullion stored in secure vaults. Tether issues each XAUt token to represent one troy ounce of gold.
Prioritizing Tether Gold Ecosystem Expansion The latest development by Tether comes amid increasing demand for products associated with tokenized gold in the digital assets space. In March, Tether invested strategically in Gold.com to extend its gold product offerings and enhance Tether Gold’s distribution networks. Tokenized gold was seen as an integral part of Tether’s strategy for diversifying its digital assets holdings.
Newly published financial statements demonstrated the steady growth in the company’s gold holdings used to back Tether Gold. Analysts noted that investors generally prefer physically backed products to more complex derivative-based offerings. Consequently, it can be concluded that Tether is committed to developing products with well-known reserves and proven demand from the market. It should also be emphasized that Tether still attracts the most attention of all other companies in the field of stablecoins. The retirement of aUSDT proves the point that even digital asset companies are consistently working towards improving their products by focusing on the most popular ones.
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Tether, the company behind the world’s largest Stablecoin USDT, has announced plans to wind down Alloy by Tether and discontinue support for aUSDT, a dollar-pegged Stablecoin backed by Tether Gold (XAUT).
The company said the decision comes after reviewing user activity, market demand, and its long-term business priorities. Going forward, Tether plans to focus more on products that have stronger adoption and deeper liquidity, including XAUT and other major offerings within its ecosystem.
Tether aUSDT Minting Stops as Tether Winds Down Alloy As part of the phased shutdown, Tether has immediately disabled the ability to open new positions or mint new aUSDT through the Alloy by Tether platform.
However, existing users will still have time to close their positions. Tether said customers can return their aUSDT and withdraw their XAUT over the next three months, according to the platform’s terms of use.
The company also issued an important deadline. Users who fail to return their aUSDT by September 17, 2026, will no longer be able to recover their XAUT through the Alloy platform. Tether said,
The wind-down will take place in phases to support an orderly transition. As a first step, starting today, the Alloy by Tether interface will be updated to remove the ability to open new positions or mint new aUSDT.
Why Is Tether Closing Alloy? According to Tether, Alloy by Tether provided valuable insights into how users interact with tokenized real-world assets and gold-backed digital products.
Despite this, the company concluded that resources would be better allocated to products showing stronger growth potential. The move mirrors Tether’s earlier decision to discontinue support for its euro-pegged Stablecoin EURT, which officially ended redemptions in November 2025 as part of the company’s broader strategic shift.
Meanwhile, Tether continues to expand in other areas. In May, the company announced plans to launch GELT, a Stablecoin representing the Georgian lari, with support from the Georgian government.
What Are Alloy by Tether, aUSDT, and XAUT? Launched in 2024, Alloy by Tether is an open platform that allows users to create digital assets backed by XAUT, Tether’s gold-backed token.
Its main product, aUSDT, is a stablecoin pegged to the U.S. dollar but over-collateralized with XAUT. In simple terms, the value of the gold locked behind the token is higher than the amount of aUSDT issued, helping maintain its stability.
(June 18 17:05 UTC) This article has been updated to reflect that Tether Gold-backed loans will be available on Ledn later this year.
Bitcoin lending platform Ledn is expanding its services to include Tether Gold (XAUt), giving investors the ability to hold the tokenized asset and eventually use it as collateral for loans, just as they can with Bitcoin.
Ledn announced Thursday that later this year, clients will be able to use XAUt as collateral for loans instead of selling their holdings for cash. Under the company's existing lending model, client collateral is held one-to-one and is not rehypothecated, lent out or used to generate yield.
Loans are issued and repaid in Tether’s USDT or USAt stablecoins and can be repaid at any time without scheduled monthly payments. Tether launched USAt in the United States in January as a stablecoin designed to comply with the GENIUS Act.
The launch will expand the range of digital assets that can be used as loan collateral, giving investors another way to access liquidity without triggering a taxable sale. While Bitcoin-backed lending has become a common feature of the crypto market, the addition of tokenized gold reflects growing efforts to bring real-world assets into digital asset financial services as gold prices hover near record highs.
The new products are rolling out across most jurisdictions where Ledn operates but are not currently available in Canada or the European Union.
The market capitalization of Tether Gold peaked at around $2.89 billion. Source: CoinMarketCap
Tokenized commodities gain traction in RWA marketThe announcement comes as commodities play an increasingly prominent role in the tokenization market. According to a recent Token Terminal report, tokenized financial assets have surpassed $43 billion, with commodities accounting for nearly 17% of the market.
Unlike commodity derivatives and futures, tokenized assets such as gold are backed by the underlying asset, giving holders direct ownership while enabling faster transfers and trading on blockchain networks.
Commodities account for a bigger share of the tokenization market.
Source: Token Terminal
Tether Gold benefited from this year’s rally in bullion prices, with the token’s market capitalization expanding as gold climbed to record highs above $5,600 per troy ounce. The precious metal has since pulled back to around $4,300 an ounce but remains up on the year.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
(June 18 17:05 UTC) This article has been updated to reflect that Tether Gold-backed loans will be available on Ledn later this year.
Bitcoin lending platform Ledn is expanding its services to include Tether Gold (XAUt), giving investors the ability to hold the tokenized asset and eventually use it as collateral for loans, just as they can with Bitcoin.
Ledn announced Thursday that later this year, clients will be able to use XAUt as collateral for loans instead of selling their holdings for cash. Under the company's existing lending model, client collateral is held one-to-one and is not rehypothecated, lent out or used to generate yield.
Loans are issued and repaid in Tether’s USDT or USAt stablecoins and can be repaid at any time without scheduled monthly payments. Tether launched USAt in the United States in January as a stablecoin designed to comply with the GENIUS Act.
The launch will expand the range of digital assets that can be used as loan collateral, giving investors another way to access liquidity without triggering a taxable sale. While Bitcoin-backed lending has become a common feature of the crypto market, the addition of tokenized gold reflects growing efforts to bring real-world assets into digital asset financial services as gold prices hover near record highs.
The new products are rolling out across most jurisdictions where Ledn operates but are not currently available in Canada or the European Union.
The market capitalization of Tether Gold peaked at around $2.89 billion. Source: CoinMarketCap
Tokenized commodities gain traction in RWA marketThe announcement comes as commodities play an increasingly prominent role in the tokenization market. According to a recent Token Terminal report, tokenized financial assets have surpassed $43 billion, with commodities accounting for nearly 17% of the market.
Unlike commodity derivatives and futures, tokenized assets such as gold are backed by the underlying asset, giving holders direct ownership while enabling faster transfers and trading on blockchain networks.
Commodities account for a bigger share of the tokenization market.
Source: Token Terminal
Tether Gold benefited from this year’s rally in bullion prices, with the token’s market capitalization expanding as gold climbed to record highs above $5,600 per troy ounce. The precious metal has since pulled back to around $4,300 an ounce but remains up on the year.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Ledn is expanding its platform to include Tether Gold (XAUT), Bitcoin and stablecoins, aiming to combine hard assets with digital dollar liquidity in a single custody and lending system.
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XAUT represents one ounce of physical gold held in Swiss vaults and can now be held alongside Bitcoin within Ledn Transaction Accounts. The company said users will be able to trade across BTC, XAUT, USDT and USAT, as well as take and repay loans in stablecoins, with gold-backed borrowing planned for later this year.
The platform is also broadening its lending infrastructure to support USDT and USAT as loan rails, reducing reliance on external settlement processes. Ledn said the updates maintain its existing custody model, under which client assets are not lent out or used for yield generation.
Tether CEO Paolo Ardoino said the integration reflects growing demand for financial tools that connect long-term asset ownership with everyday liquidity needs.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Tokenized gold is moving deeper into crypto lending markets.
Digital asset lender Ledn has added Tether Gold, or XAU₮, as collateral for loans, according to its official announcement. The move gives borrowers another way to access liquidity without selling a tokenized claim on physical gold.
TL;DR Ledn has added Tether Gold as a supported collateral asset for loans. Borrowers can access liquidity against XAU₮ rather than selling the asset outright. Ledn says collateral is held 1:1 and is not rehypothecated. The product excludes residents of Canada and the European Union, so availability is not global. A new collateral lane for tokenized gold Ledn has historically been closely associated with Bitcoin-backed lending. Adding Tether Gold widens that model into the real-world asset market, where tokenized commodities have become a growing part of crypto’s institutional story.
XAU₮ is designed to represent exposure to physical gold, while still moving as a digital asset. By accepting it as collateral, Ledn is effectively treating tokenized gold as something borrowers can pledge for liquidity in much the same way they might use Bitcoin or other supported assets.
The practical appeal is straightforward. A holder who does not want to sell XAU₮ can borrow against it instead. That may help avoid losing exposure to gold while still accessing stablecoin liquidity for other uses.
The custody model is the key claim The most important part of Ledn’s announcement is the custody language. The company says collateral is held 1:1 and is not rehypothecated or lent out to generate yield.
That point matters because crypto lending has a long memory. After the failures of several high-yield lenders in the last cycle, users are much more sensitive to how collateral is held, whether it is reused, and what happens during market stress.
A non-rehypothecation model is easier to explain to borrowers because it reduces one of the more obvious forms of counterparty risk. It does not remove all risk, but it gives the product a cleaner structure than lending models that depend on recycling client collateral through yield strategies.
Why this fits the RWA narrative The timing also fits the broader real-world asset trend. Tokenized Treasuries, tokenized gold, stablecoin reserve products, and collateralized lending are all part of the same movement: bringing familiar financial assets into crypto-native rails.
Gold is especially interesting because it sits between old and new market habits. It is one of the oldest reserve assets, but tokenized versions make it easier to move, pledge, and integrate into digital lending platforms.
The caveat is access. Ledn’s product is not available everywhere, and the company specifically excludes Canada and the European Union. That should keep expectations grounded. This is not a universal product launch, but it is another sign that tokenized commodities are becoming more useful inside crypto credit markets.
That gives the story a wider market angle. Tokenized gold is not trying to replace Bitcoin’s role in crypto lending, but it gives lenders and borrowers another type of collateral with a very different risk profile. Bitcoin collateral is tied to crypto market beta, while gold-linked collateral is often framed around preservation, hedging, and liquidity. In a market where borrowers increasingly want more choice, that distinction matters.
This article was written by the News Desk and edited by Samuel Rae.
TLDRZCash, Monero, and Dash Push Privacy Narrative ForwardGold-Backed and Utility Tokens Record Strong Annual GrowthBitcoin Cash and BNB Hold High Valuations into 2026 ZCash surged 861% in 2025, leading all tokens with a final market cap of $8.7 billion. Privacy tokens dominated, with Monero rising 123%, Beldex 24%, and Dash 12%, despite a weak altcoin market. Gold-backed tokens gained traction, as PAX Gold and Tether Gold rose 67% and 66%, respectively. Utility tokens performed well, with WhiteBIT up 131% and OKB up 118%, driven by increased platform engagement. Bitcoin Cash and BNB retained strong valuations, closing at $11.9B and $118B, despite lower percentage growth. Privacy and gold-backed tokens saw price increases in 2025, while most altcoins faced a difficult market environment. ZCash topped the yearly gains list with +861%, followed by WhiteBIT, Monero, and OKB.
ZCash, Monero, and Dash Push Privacy Narrative Forward According to a post on X by CryptoRank.io, ZCash (ZEC) posted the strongest gain of 2025, rising 861% and closing with a market capitalization of $8.7 billion. The token’s sharp increase separated it from the rest of the list, showing extreme growth across the year.
2025 was a tough year for altcoins, but a few managed to perform despite the market turbulence
Privacy narrative turned out to be the strongest one, led by $ZEC (+861%), $XMR (+123%), amd $DASH (+12%)..
What narrative do you think will shape 2026? pic.twitter.com/1GdlOOCsEL
— CryptoRank.io (@CryptoRank_io) January 3, 2026
Monero (XMR), another privacy-based asset, followed with a 123% increase and reached a market cap of $8 billion. Dash (DASH) also grew 12% in 2025, closing the year at $530 million in market value. Privacy-focused Beldex rose 24%, recording a final valuation of $740 million.
The privacy narrative continued to gain traction despite weak altcoin performance in the market throughout the year. “Privacy tokens clearly stood out in 2025,” stated the CryptoRank.io year-end report. ZCash was the only token among the top ten to exceed 800% in annual growth. Monero and Dash maintained steady upward momentum, and their market caps reflect sustained investor interest. Beldex added another privacy-focused asset to the list of winners.
Gold-Backed and Utility Tokens Record Strong Annual Growth PAX Gold (PAXG) grew by 67% in 2025 and ended the year with a $1.6 billion market capitalization. Tether Gold (XAUT) followed closely, rising 66% and closing at $2.3 billion in total market value. These tokens provided alternative exposure to gold prices while maintaining crypto infrastructure.
Their gains suggest strong performance compared to the broader altcoin market, which saw widespread stagnation. CryptoRank.io tracked these assets due to their market cap remaining over $500 million. OKB, the utility token of the OKX exchange, rose 118% in 2025 and reached $2.2 billion in market capitalization.
WhiteBIT Token (WBT) ended the year with a 131% gain and a final market value of $12.1 billion. These tokens are linked to centralized platforms and benefit from continued user engagement. “WBT’s performance reflects growing exchange usage,” reported CryptoRank.io in the full-year data summary. Both tokens remained above the $2 billion threshold throughout the year.
Bitcoin Cash and BNB Hold High Valuations into 2026 Bitcoin Cash (BCH) increased by 37% in 2025 and posted a final market value of $11.9 billion. The asset maintained relevance in a competitive space and showed consistent demand throughout the year. Binance Coin (BNB) gained 22% and recorded the largest market cap on the list, closing at $118 billion.
Despite its smaller growth rate, BNB remained one of the most valued assets overall. It continued to dominate exchange-linked utility tokens. The combined performance of these ten tokens showed resilience during a challenging market year.
Only assets with more than $500 million in market cap were included in the dataset. Privacy and gold-backed tokens posted the highest percentage increases in 2025. Exchange-linked utility tokens maintained strong momentum through user participation and platform volume.
According to CryptoRank, among tokens with a market cap above $500 million, the top performers included ZEC, WBT, XMR, OKB, PAX Gold, Tether Gold, Bitcoin Cash, Beldex, BNB, and Dash. Gains ranged from a remarkable 861% for ZEC to a solid 12% for Dash, showing that even established projects can surprise investors when market conditions align.
Privacy Coins and Gold-Backed Tokens Lead The biggest standout of the year was Zcash (ZEC), which surged 861%. ZEC is a privacy-focused coin that allows confidential transactions, appealing to users who value anonymity. Similarly, Monero (XMR) rose 123%, reinforcing the demand for privacy solutions in crypto. These gains reflect broader trends in user interest for financial privacy and security, particularly in regions where digital surveillance or regulatory uncertainty is increasing.
2025 was a tough year for altcoins, but a few managed to perform despite the market turbulence
Privacy narrative turned out to be the strongest one, led by $ZEC (+861%), $XMR (+123%), amd $DASH (+12%)..
What narrative do you think will shape 2026? pic.twitter.com/1GdlOOCsEL
— CryptoRank.io (@CryptoRank_io) January 3, 2026
Gold-backed tokens also performed strongly. PAX Gold and Tether Gold rose 67% and 66% respectively, benefiting from rising gold prices and growing investor interest in digital assets that tie to real-world commodities. These tokens offer the stability of traditional assets while maintaining blockchain liquidity and ease of transfer. A real-world example is Tether Gold, which allows investors to own fractional gold digitally, combining traditional market confidence with modern crypto convenience.
Established Coins Hold Steady Some of the top gainers were more familiar names. Bitcoin Cash increased 37%, BNB rose 22%, and Dash saw 12% growth. These tokens illustrate the continued resilience of established projects even amid volatile markets. OKB, the native token of the OKX exchange, climbed 118%, reflecting both exchange utility and the overall growth of centralized crypto platforms.
2025 Recap: Milestones and Events
Relive 2025 through our recap of the defining moments that shaped the year. Which event do you think became its true turning point?
👇https://t.co/6CeBM0HfCb
— CryptoRank.io (@CryptoRank_io) December 25, 2025
Recent trends highlight that 2025 has been favorable for mid-cap and large-cap projects that combine utility, security, or real-world asset backing. Data from CryptoRank shows that investor attention is increasingly guided by both innovation and stability, with privacy, asset-backed tokens, and exchange tokens seeing significant inflows.
Disclaimer The information provided by Altcoin Buzz is not financial advice. It is intended solely for educational, entertainment, and informational purposes. Any opinions or strategies shared are those of the writer/reviewers, and their risk tolerance may differ from yours. We are not liable for any losses you may incur from investments related to the information given. Bitcoin and other cryptocurrencies are high-risk assets; therefore, conduct thorough due diligence. Copyright Altcoin Buzz Pte Ltd.
Silver (XAG) is outperforming Bitcoin in terms of retail interest, breaking multi-decade records and prompting investors to explore a new frontier: tokenized silver.
With precious-metal liquidity rising, analysts say digital silver may be the next major on-chain asset class.
Silver’s 46-Year High Changes Market PsychologySilver closed the month at $58, its highest monthly close in 46 years, with retail interest in silver surpassing Bitcoin in global Google Trends.
“Silver just hit $58 and gave its highest monthly close after 46 years. We can see a massive amount of liquidity in US stocks, gold, and now silver. Sooner or later, this will likely flow into riskier assets, such as Bitcoin and cryptocurrencies. The bull market is not over, it’s delayed,” commented analyst Ash Crypto.
Gold, silver, and Bitcoin interest over time. Source: Google TrendsThe surge reflects a broad shift in capital toward hard assets as global inflation, industrial demand, and supply constraints intensify. At the same time, the Silver-to-Bitcoin Ratio has broken a decade-long downtrend.
This signals a notable shift in how retail and institutional investors evaluate store-of-value assets, setting the stage for the rise of tokenized silver.
The Tokenized Silver Market: Early, Small, and GrowingDespite XAG price’s momentum, the tokenized silver sector remains underdeveloped. Only a handful of projects, Kinesis Silver (KAG) and Gram Silver (GRAMS) appear on CoinGecko.
Tokenized Silver. Source: CoinGeckoYet fundamentals are strengthening. According to Commodity Block research, tokenized silver is “quickly redefining how investors access and interact with the precious metals market, offering:
Fractional ownership of silver 24/7 global trading Immutable provenance and traceability Use as collateral in DeFi The report highlights that the tokenized silver market has reached an estimated capitalization of $200 million, while gold-backed tokens dominate at $2.57 billion.
Silver’s accelerating demand suggests a widening appetite for digital commodities, especially as the iShares Silver Trust (SLV) trades at $52.52, reflecting rising global interest. It is up by almost 3% in pre-market trading.
iShares Silver Trust Pre-Market Trading. Source: Google Finance “Tokenized commodities are shattering traditional ownership models by making physical assets accessible to anyone with an internet connection,” read an excerpt in the report.
Why Investors Care NowThe appeal of tokenized silver aligns with a broader trend: the migration of real-world assets (RWAs) onto blockchain.
Silver’s dual role as both an industrial metal (used in electronics, solar, and medical devices) and an investment hedge makes it uniquely positioned for digital adoption.
Key drivers include:
Growing demand for fractional investing DeFi protocols increasingly accepting silver-backed collateral Rising scrutiny over ethical sourcing, which blockchain transparency supports Global interest in alternative stores of value during economic uncertainty Regulatory clarity remains essential. Jurisdictions such as the UAE, Singapore, and parts of the EU are developing frameworks for digital commodities, while global inconsistencies continue to limit cross-border scalability.
On the other side of the fence, the tokenized gold market now exceeds $3 billion, led by Pax Gold (PAXG), Tether Gold (XAUT), and new institutional products like MKS PAMP’s DGLD.
Silver may follow a similar path if infrastructure, custody standards, and exchange listings continue improving.
With silver prices surging, ratios breaking out, and retail interest climbing, tokenized silver may be poised to become crypto’s next major RWA category.
As liquidity rotates across metals and into digital assets, the question for 2025 is no longer if tokenized silver will grow, but how fast.
