Tether has launched XAUt, tokenized gold, on BNB Chain. Binance now offers spot trading in XAUt against major cryptocurrencies. XAUt is the leading tokenized gold product with a market cap of $3.2 billion. Investors seek direct exposure and speculative trading tools in crypto markets.
Gold prices have dropped over 15% since the war in Iran started, but crypto trading platforms like Crypto.com support gold perpetual contracts in XAUt and PAXG.