The price of precious metals is approaching historic highs, and the tokenized gold market size has exceeded US$2.5 billion

According to PANews, as gold prices approach the breakthrough of April peak, the crypto token market size supported by precious metals has soared to an all-time high. CoinGecko data shows that the total market value of tokenized gold has exceeded US$2.57 billion.

The two leading products in recent days, Tether's XAUT and Paxos's PAXG tokens, have both experienced large inflows of capital. The supply of XAUT tokens issued by Tether surged by $437 million, hitting an all-time high of $1.3 billion.

The gold-backed token issued by Paxos has expanded to a record $983 million, with the token net inflow of $141.5 million since June. Gold resumed its upward trend due to the steepening of the U.S. Treasury yield curve.