The market value of tokenized gold assets has surpassed $3B for the first time, driven by record highs in spot gold prices above $4,000 per ounce.
> Leading tokens PAX Gold (PAXG) and Tether Gold (XAUT) saw trading volumes surge to $640M in 24 hours.
> The rally comes amid a US government shutdown and renewed concerns over fiat stability, fueling what analysts call a “debasement trade.”
> Despite BTC also hitting a record above $126,000, the Bitcoin-to-gold ratio has fallen below 32, signaling gold’s stronger performance this year.
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