⚜️ The market capitalization of gold-backed stablecoins is projected to surpass $4 billion by 2025. Since the beginning of the year, the total market capitalization in this sector has nearly tripled, from approximately $1.3 billion to over $4 billion. Tether's XAUT leads the sector with a market capitalization of approximately $2.2 billion (representing about 50% of the market share), followed by Paxos Gold (PAXG) with a market capitalization of approximately $1.5 billion. Totalingly, they account for nearly 90% of the gold-backed stablecoin market.