Gold-backed cryptocurrencies spike amid global trade uncertainty

Gold-backed cryptocurrencies have spiked in value amid the global trade war unleashed by US President Donald Trump's April 2 tariffs.Tether Gold (XAUT) and Paxos Gold PAXG PAXG - $3360.381 reached all-time highs on April 22, with Tether Gold touching $3,529 and Paxos Gold recording a peak of $3,520, according to data from CoinMarketCap. Two other gold-backed cryptocurrencies — Quorium (QGOLD) and Kinesis Gold (KAU) — have seen rises of 8.5% and 7.6%, respectively, in the past 30 days.

Source: cointelegraph.com

Related symbols: APRILUSD

2025-04-28 20:39:04 GMT.

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Price & Market Data

Price: $3360.381

Volume 24h: $32,940,670.70

Market Cap: $946,809,801.30

Description

PAX Gold (PAXG) is a cryptocurrency launched in 2019and operates on the Ethereum platform. PAX Gold has a current supply of 281,756.694. The last known price of PAX Gold is 3,361.0559025 USD and is up 0.18 over the last 24 hours. It is currently trading on 265 active market(s) with $33,050,199.96 traded over the last 24 hours. More information can be found at https://www.paxos.com/paxgold/.