黄金背书稳定币市值突破 40 亿美元，XAUt 与 PAXG 占据近九成份额

Core Insights - The total market capitalization of gold-backed stablecoins has risen to over $4 billion, nearly tripling from approximately $1.3 billion at the beginning of 2025 [1] - Tether Gold (XAUt) leads the market with a valuation of about $2.2 billion, accounting for around 50% of the market share, while Paxos Gold (PAXG) follows with approximately $1.5 billion, together representing nearly 90% of the tokenized gold market [1] - Gold prices have increased by approximately 66% this year [1] - Tether has been continuously increasing its gold holdings, owning about 116 tons as of the end of September [1]