Tether Gold price

Odaily Planet Daily (@OdailyChina) Author|Wenser(@wenser 2010) On September 2, spot gold rose more than 1% during the day, rising above $3,510 per ounce and reaching a high of $3,512.27 per ounce, a record high; On the morning of the 3rd, spot gold rose by more than $10 in the short term, reaching a high of $3,547 per ounce, a new high. Surprisingly, there is news that the World Gold Council is looking to launch "digital gold", which could change London's $900 billion physical gold market. Odaily Planet Daily will summarize recent gold price trends, industry trends, mainstream gold tokenization projects and other information for readers' reference in this article. Gold has started to rise again, and analysts predict that the price of gold may rise to $3,900 per ounce On September 1, spot gold stood at $3,470 per ounce, continuing to hit a new high since April 22 this year, with an intraday increase of 0.67%. Subsequently, in just 2 days, the price of gold quickly broke through above $3,500 and gradually stabilized, which made the industry highly bullish on the future direction of gold prices. Analyst: Gold price is expected to hit the $3600-$3900 range in the coming months Philip Nova analyst Priyanka Sachdeva said in the report that if spot gold prices continue to break above $3,500, gold prices may hit the range of $3,600 to $3,900 per ounce in the coming months. She said the aggressive U.S. tariff stance has increased geopolitical risks and fueled safe-haven investments. She said that factors such as expectations of interest rate cuts, political turmoil, and strong demand for ETFs have turned gold from a tactical hedge into a strategic must-have asset for many investors. Sachdeva believes that the $3800 per ounce target could be the first clear psychological threshold for gold prices to break through their current highs. Financial Times: The World Gold Council is planning to launch "digital gold" According to the Financial Times, the World Gold Council (WGC) is looking to launch a digital form of gold, a move that could revolutionize London's $900 billion physical gold market by creating a new way to trade, settle and collateralize gold. David Tait, CEO of the World Gold Council, said in an interview that this new format will enable "gold as collateral, digitally delivered in the gold ecosystem for the first time." While many investors value gold as a safe-haven asset precisely because of its physical nature and lack of counterparty risk, Tait believes that gold must be digitized to expand its market reach. "We are trying to establish a standardized digital layer for gold so that the various financial products used in other markets can be applied to the gold market in the future," said Tait. My goal is to get many asset managers around the world to rethink gold. ” The move is seen as a change made by the World Gold Council in response to the new financial investment environment – although gold was previously considered a safe-haven asset due to its physical properties and no counterparty risk, gold is an illiquid and non-yielding asset in the eyes of many banks and investors. As Tait puts it: "For banks, they can make huge profits from a collateral perspective alone – because they have the opportunity to use the gold on their balance sheets as collateral." ” It is understood that the plan is mainly driven by a new digital division called "pooled gold interests (PGIs)", which will allow banks and investors to buy and sell fractional ownership of physical gold held in segregated accounts. In Q1 2026, London's business establishments will participate in the pilot of the model. At present, trading in the London gold market is divided into "allocated gold" transactions (involving specific gold bars) and "unallocated gold" transactions (only agreeing on the amount of gold, not specifying specific gold bars), and the emergence of "digital gold" may add a third type to London OTC gold trading. Market status: The market capitalization of gold tokenization projects is less than 1% of the market capitalization of gold ETFs According to Coingecko data, the overall market capitalization of the tokenized gold market is currently around $2.6 billion, which is less than 1% of the gold ETF market with a market capitalization of $400 billion. The following is a description of the specific gold tokenization projects: XAUT: Backed by Tether, with a market capitalization of $1.32 billion According to on-chain data, Tether minted 129,000 coins on Ethereum in early August, now worth about $455 million, bringing its market capitalization to $1.32 billion. Previously, Tether CEO Paolo Ardoino disclosed that if Tether is regarded as a "country", then it ranks in the top 40 in terms of physical gold holdings; In July, Tether released a XAUT audit report stating that at that time, the circulating number of XAUT tokens was 246.524.330 (which has now grown to about 375572), and the XAUT tokens in circulation were backed by more than 7.66 tons of physical gold. PAXG: Backed by Paxos, with a market capitalization of approximately $1 billion Launched by Paxos, a U.S. stablecoin company, PAXG's market capitalization has soared to a record high of over $1 billion in nearly 3 months. Since June, the token has seen consistent net inflows, with monthly inflows reaching $141.5 million. The token currently has a circulating supply of 282,566 coins. KAU: Backed by Kinesis&ABX, with a market capitalization of about $160 million Launched by Kinesis, a UK-based digital asset utility platform registered in the Cayman Islands, KAU is pegged to 1 gram of investment-grade gold and stored in the Kinesis vault. Slightly different from other gold tokens, KAU supports buying, trading, spending, and transferring. In addition to supporting redemptions, users who hold assets on the Kinesis platform can also earn monthly income through redistributed transaction fee income. Earn money by spending KAU on the Kinesis Virtual Card, which enables real-time, instant conversion to buy gold, silver, and cryptocurrencies in more than 80 million locations around the world. XAUm: Backed by Matrixport, with a market capitalization of about $47 million In early August, Matrixport announced the official launch of its XAUm fixed income product, which supports a wide range of investment cycles from 7 to 365 days and supports 15 mainstream assets such as BTC, ETH, SOL, BNB, and USDT. In addition, the Matrixport platform supports XAUm Mint, Swap, and XAUm collateral lending, which is issued by Matrixdock, a RWA tokenization platform under Matrixport. Last month, it completed the second annual 100% gold reserve audit conducted by the internationally renowned company Binance, and its gold management scale increased by 500% in half a year. VRO: Backed by VeraOne, with a market capitalization of about $41 million Launched by VeraOne based in London, UK, VRO was launched by AuCOFFRE.com Group in collaboration with cryptocurrency industry insider Owen Simonin, and was originally founded in 2019 with a token price temporarily trading at around $113 with relatively limited liquidity. The following is the basic information of the main projects (compiled from @Grok): Conclusion: The safe-haven and tax-avoiding properties of gold It is worth mentioning that gold's new high rise in this round is not unrelated to the performance of the US dollar and US bonds. Ray Dalio, founder of Bridgewater Fund, recently said: The US dollar's non-performing debt situation has indirectly driven the price of gold up; International investors have begun to switch from US Treasuries to gold. U.S. President Donald Trump said in a speech in August that "gold will not be taxed." ” Nowadays, gold tokens with both gold safe-haven and tax-hedging attributes may become an investment choice for more and more people.