#Goldupdate

### **1. Gold-Backed Stablecoins**

- **PAX Gold (PAXG)** and **Tether Gold (XAUT)** remain the dominant players, offering tokens 1:1 backed by physical gold stored in vaults. Both have seen steady adoption for hedging against crypto volatility.

- **New entrants**: Projects like **AurusGOLD (AWG)** and **DigixGlobal (DGX)** are gaining traction in DeFi ecosystems, allowing gold-backed tokens to be used in lending/borrowing protocols.

### **2. Gold-Backed NFTs**

- Some platforms now tokenize ownership of physical gold bars as **NFTs**, enabling fractionalized investment (e.g., **Meld Gold** on Algorand).

### **3. Central Bank Digital Currencies (CBDCs) & Gold**

- Several central banks (e.g., China, Russia) are exploring **gold-backed CBDCs** as a way to combine gold’s stability with digital currency efficiency.

### **4. DeFi and Gold**

- Gold-backed tokens are increasingly used in **DeFi protocols** (e.g., Aave, MakerDAO) as collateral for loans, offering a less volatile alternative to crypto assets.

- **Synthetic gold** (e.g., Synthetix’s sXAU) allows crypto traders to gain gold exposure without holding physical metal.