The 2 largest gold stablecoins – by far – are pax gold (PAXG), issued by the New York-based fintech agency Paxos Belief Firm, and tether gold (XAUT), issued by Tether, the identical firm behind the $80 billion dollar-pegged stablecoin USDT. On the time of publication time, the market cap of PAXG and XAUT was standing at $518 million and $499 million, respectively, per CoinGecko information.
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