The tokenized gold sector remains stable during market volatility, with its market capitalization reaching a high of $3.09 billion.

Odaily Planet Daily reported that Coingecko data showed that the tokenized gold sector did not fluctuate during the market turmoil. The current market value has reached approximately US$3.09 billion, setting a new high, with a 24-hour increase of 0.7%. Among them, Tether Gold (XAUT) market value reached US$1.508 billion, and PAX Gold (PAXG) market value reached US$1.231 billion.

Tokenized gold refers to physical gold presented in digital form on a blockchain platform. These tokens are backed by an equivalent amount of physical gold held in custody by the issuing institution.