Stablecoin Giant Tether Expands Leading Gold-Backed Token to BNB Chain

Tether said Thursday that it has launched its gold-backed token XAUT on BNB Chain, expanding access to the dominant tokenized gold product after the precious metal soared to new price heights in recent months. The listing connects BNB Chain's ecosystem to XAUT, which is the largest gold-backed token on the market with a nearly $2.5 billion market cap, as of this writing. That’s nearly half the total tokenized gold market, which currently sits at $5.3 billion, per data from CoinGecko. Paxos’ PAX Gold isn’t ...