Tether's tokenized gold token XAUT markes new all-time high on the back of a gold rush

XAUT, Tether’s tokenized version of gold, breached new territory in terms of market capitalization, reaching a new all-time high earlier today. The boost came as gold traded at an all-time high, amid global economic uncertainty, which has boosted demand for safe-haven assets. XAUT is currently trading at approximately $3,746, with a 24-hour trading volume of above $77 million and a circulating supply of above 375,000 tokens, pushing the market cap to over $1.4 billion, a fresh ATH. This shows a roughly 50–60% increase from early 2025 levels and doubles the cap from mid-2024.