$PAXG Commodity-backed cryptocurrencies—mainly gold-backed tokens—are experiencing their biggest issuance boom in half a decade, with minting volumes soaring to $439 million this week.
What Happened
Gold futures recently hit an all-time high above $3,500 amid fears that U.S. tariffs on Switzerland could disrupt global gold flows.
The Swiss Precious Metals Association warned that the 39% tariff could hurt the international gold trade.
Gold-backed tokens like Tether Gold ($XAUT) and Paxos Gold (PAXG) briefly crossed $3,390 before prices cooled.
Despite price pullbacks, gold-token minting smashed the previous record of $195 million set in 2021.
Why the Surge?
Switzerland refines a large share of the world’s gold and exported over $61 billion worth to the U.S. last year. With tariffs threatening that flow, investors rushed to tokenized gold—assets backed by real physical reserves stored in vaults, offering instant cross-border transfers.$PAXG
Why It Matters
This surge highlights how geopolitical risks can push investors toward blockchain-based commodity exposure. Tokenized gold is emerging as a fast, borderless alternative to traditional markets in times of uncertainty. $PAXG
Do you think tokenized gold will become a safe-haven favorite in the next big global crisis?
