Gold Rally Makes Tether’s XAUT Top-Performing Digital Asset as Crypto Markets Remain Flat
Tokenized gold, such as Tether’s XAUT and Paxos’ PAXG continued to be a favorite of crypto investors in Asia as investors seek a safe haven despite a de-escalation in trade war tensions.
On-chain data shows that Tether’s XAUT was a top-10 market performer out of all digital assets. Tether’s tokenized gold, the largest by market cap, is up 3.4% in the last 24 hours.
CoinGecko data shows the sector is up 4.3% in the last 24 hours, compared to the CoinDesk 20, an index of the performance of the largest digital assets, which is down 2%.
The price of gold initially moved down during the early hours of the Asia trading day, after breaching an all-time high during the end of U.S. hours. It’s currently trading for $3218 in Hong…
