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 - $5180.788 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: $5180.788

Volume 24h: $292,070,579.50

Market Cap: $2,575,235,016.12

Description

PAX Gold (PAXG) is a cryptocurrency launched in 2019and operates on the Ethereum platform. PAX Gold has a current supply of 489,891.589. The last known price of PAX Gold is 5,193.93114799 USD and is down -1.59 over the last 24 hours. It is currently trading on 369 active market(s) with $1,132,205,592.08 traded over the last 24 hours. More information can be found at https://www.paxos.com/paxgold/.