Gold Hits Record High as Tether Reports Gold-Backed Token Is Growing Faster Than USDT
The precious metal surged past $5,000 per ounce this weekend.
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The precious metal surged past $5,000 per ounce this weekend.
SharpLink CEO Joseph Chalom argues that macro uncertainty is hiding a massive institutional shift toward Ethereum-based tokenization.
Tether’s XAUt tokenized gold now accounts for more than half of the gold-backed stablecoin market as the US dollar weakens amid renewed safe-haven demand.
Traders continue to defend the lowest support levels in Bitcoin and altcoins, but sellers at the range highs and declining sentiment across the market may complicate a quick recovery.
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Tether Gold controlled approximately 60% of the $4 billion gold-backed stablecoin market at the end of 2025, Tether said Monday.
Gold smashed past $5,100 as Ethereum falters below $3,000—and prediction market users called it months ago.
BitMine's total crypto and cash holdings currently stand at $12.8 billion, and the company owns 3.52% of Ethereum's circulating supply.