According to BlockBeats, the market capitalization of gold-backed tokens has surpassed $2.72 billion, marking a 1.7% increase over the past 24 hours. This surge is attributed to the recent highs in gold prices, a weakening dollar, and heightened risk aversion ahead of interest rate meetings.
PAX Gold (PAXG), a digital currency issued by Paxos and pegged to gold, reported a 24-hour trading volume of $120 million, with a total market capitalization reaching $1.05 billion.
