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One ounce of fine golden was worth $1,790 an ounce 15 months ago. Since then, its value has increased by 3.51% to $1,853 per troy ounce. The top two tokenized coins of gold have seen significant growth, despite gold’s rising value. Pax gold (PAXG) has seen its market capitalization increase by 407% since February 26, 2021. Tether’s XAUT valuation has risen 248% since that date. The market capitalizations of PAXG and XAUT together amount to just under $1 billion.
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