Tether Gold Tops $3.1 Billion as AI Whale Drives Tokenized Gold Surge
Tokenized gold demand surged in August, with Tether Gold (XAUT) market capitalization exceeding $3.1 billion as institutional and retail investors sought safe-haven assets. The asset experienced significant inflows, including $59 million added by early September, while decentralized exchange volumes reached annual highs. Notably, an AI-driven trading system identified as Antalpha accumulated over 49,000 XAUT across multiple wallets, signaling sophisticated institutional confidence in the token as a durable store of value. Trading activity on platforms like Uniswap V3 and the Lighter derivatives protocol highlights the growing utility of gold-backed tokens as collateral. Tether has responded to this increased demand by minting additional supply and expanding XAUT availability beyond Ethereum to include BNB Chain and Monad. The holder base grew by 16 percent in 30 days, now encompassing 84,756 wallets, while August transaction volume surpassed $4.6 billion. This trend reflects a maturing intersection between traditional precious metals and decentralized finance, positioning tokenized gold as a core component of the modern crypto asset landscape.
