Odaily Planet Daily News: With gold prices poised to break through their April peak, the market size of crypto tokens backed by precious metals has soared to record highs. Coingecko data shows that the total market capitalization of tokenized gold has exceeded $2.57 billion, with two leading products, Tether's XAUT and Paxos' PAXG tokens, recently seeing significant inflows of capital. The supply of Tether's XAUT tokens surged by $437 million, reaching a record high of $1.3 billion. Paxos' gold-backed token, PAXG, has seen its market capitalization swell to a record $983 million, with net inflows reaching $141.5 million since June. As a widely recognized safe-haven asset in times of uncertainty, gold has recently resumed its upward trend due to the steepening of the U.S. Treasury yield curve. (CoinDesk)