「Gold Token」 Market Cap Surpasses $2.72 Billion, with 24-hour Trading Volume Exceeding $280 Million

September 9th. Based on market data, along with the recent upward surge in the price of gold. Coupled with the weakening of the US dollar and the heightened safe-haven sentiment ahead of the interest rate meeting, the market capitalization of "Gold Tokens" has exceeded $27.2 billion, showing a 1.7% increase in the past 24 hours. In specific terms: The 24-hour trading volume of PAXG is reported to be $1.2 billion, with a total market capitalization of $10.5 billion; The 24-hour trading volume of XAUT is reported to be $1.4 billion, with a total market capitalization of $13 billion. PAX Gold (PAXG) is a gold-backed digital currency issued by Paxos, and XAUT (Tether Gold) is a gold-backed digital currency issued by Tether. Each token of PAXG and XAUT is pegged to 1 ounce of gold.