Today, the price of #黄金 reached a historic high, at $3,384 per ounce, an increase of nearly 29% since the beginning of the year.

This brings us to the cryptocurrency world with PAXG and XAUT, as these two digital gold bars once again showcase a peak showdown:

PAXG/Paxos' well-known player

• Daily trading volume: $46.77 million

• Market cap: $780 million

XAUT/Tether's low-profile wealthy player

• Daily trading volume: $27 million

• Market cap: $837 million

Don't be fooled by XAUT's slightly higher total market cap; in terms of trading activity, PAXG holds more value, meaning more people are using it, believing in it, and trading it.

Distinguishing between them is also simple:

#PAXG is backed by the regulated #Paxos in New York, where the gold bar's location and serial number can be checked, and it can even be exchanged for physical gold!

#XAUT , although issued by #Tether and of a larger scale, the physical redemption process has always been a mystery, more like 'if you believe, it exists; if you don't, it doesn't.'