PANews reported on September 2nd that, according to CoinDesk, the market for crypto tokens backed by the precious metal has surged to a record high, as gold prices are poised to break through their April peak. Data from Coingecko shows that the total market capitalization of tokenized gold has exceeded $2.57 billion, with two leading products—Tether's XAUT and Paxos' PAXG tokens—recently experiencing significant inflows. Tether's XAUT token supply surged by $437 million, reaching a record high of $1.3 billion. Paxos' gold-backed token, PAXG, has seen its market capitalization swell to a record $983 million, with net inflows of $141.5 million since June. Gold, a widely recognized safe-haven asset in times of uncertainty, has recently resumed its upward trend due to the steepening of the U.S. Treasury yield curve.PANews reported on September 2nd that, according to CoinDesk, the market for crypto tokens backed by the precious metal has surged to a record high, as gold prices are poised to break through their April peak. Data from Coingecko shows that the total market capitalization of tokenized gold has exceeded $2.57 billion, with two leading products—Tether's XAUT and Paxos' PAXG tokens—recently experiencing significant inflows. Tether's XAUT token supply surged by $437 million, reaching a record high of $1.3 billion. Paxos' gold-backed token, PAXG, has seen its market capitalization swell to a record $983 million, with net inflows of $141.5 million since June. Gold, a widely recognized safe-haven asset in times of uncertainty, has recently resumed its upward trend due to the steepening of the U.S. Treasury yield curve.