The post Tether Gold (XAUt) flexes as Trump sends dollar into a tailspin appeared on BitcoinEthereumNews.com.

The crypto industry is having its moment while the global traditional markets are still suffering from uncertainty. Amid the unraveling tariff war, gold-backed tokens are glittering and investors are taking notice. Tether’s XAUt is leading the charge as it has gained by over 7% in the past 7 days while Bitcoin price rose by just 3% in the same period. Gold price smashed through the $3,500 mark for the first time ever, and US President Donald Trump might be one of the major reasons behind this rally. After launching a fresh barrage of criticism at Fed Chair Jerome Powell, markets flinched while the dollar tumbled to a three-year low, and investors looked running toward their favorite crisis metal. XAUt leaves Bitcoin in the dust As the tariff wars enter the next phase, gold-backed cryptos are picking up the pace. Data shows that the tokenized gold coins market cap jumped by 2.6% in the last 24 hours to stand at $2.18 billion, with a trading volume of $345 million.  Tether issued XAUt price surged by almost 2% to trade at $3,461 and the second in the race, PAX Gold (PAXG) traded at $3,470. Unlike meme coins or hype-fueled altcoins, these tokens are tethered to something tangible, i.e., real gold in vaults. Platforms like Tether Gold and Pax Gold are proving that digital gold isn’t just a novelty but it’s a growing safe haven. If we compare Bitcoin with XAUt, then BTC price has managed to surge by around 5% over the past 30 days while Tether Gold price has spiked by almost 14%. Bitcoin is trading at an average price of $89,172 as of press time. Tether’s XAUt eyes at the global gold throne Paolo Ardoino, CEO at Tether, in an X post, stated that XAUt will become the biggest tokenized…

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Filed under: News - @ April 22, 2025 5:30 pm