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SOL $82.25 -2.36%
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BCH $425.75 -3.30%
LINK $8.77 -2.57%
HYPE $40.42 -4.73%
AAVE $89.99 -2.05%
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xaut

Tether Gold (XAUt) officially lands on BNB Chain, accelerating the arrival of the on-chain gold era

Tether's tokenized gold product Tether Gold (XAUt) officially launched on BNB Chain on March 26, bringing physical gold assets directly into the on-chain ecosystem. Each XAUt token corresponds to one troy ounce of physical gold, backed 1:1 by London Good Delivery gold bars stored in Swiss vaults, with total reserves of approximately 1,800 bars, over 22,100 kilograms, and publicly available proof of reserves.The significance of this launch lies in the fact that users can gain direct exposure to physical gold in the BNB Chain ecosystem without going through the custody, storage, premiums, and cumbersome settlement processes required for traditional gold investments. It seamlessly integrates with trading, DeFi, and other on-chain activities without the need to transfer funds off-chain. For developers, XAUt provides an asset with lower correlation to the crypto market, helping to build a more balanced product design. Additionally, Tether achieves liquidity interoperability for XAUt across more than 12 blockchains through the USDt0 cross-chain network, further enhancing issuance, transfer, and settlement efficiency.Tether CEO Paolo Ardoino stated that this move aims to integrate gold into the modern digital financial system, granting it the ability for instant settlement and global circulation.This integration further solidifies BNB Chain's leading advantage in the real-world asset (RWA) sector. Currently, the asset scale of BNB Chain RWA distributed assets is approximately $3.2 billion, making it the second-largest RWA public chain globally, with over 41,000 holders and a net inflow of about $845 million in the past 30 days. These figures reflect real usage—assets are being held, traded, and deeply integrated throughout the ecosystem, rather than being idle after issuance.The addition of XAUt marks a transition for RWA from "issuance equals storage" to a new phase of truly usable and composable on-chain assets.

Gold and silver prices have rebounded, with Gate XAUT and XAG contract trading volumes consistently ranking among the top exchanges

Affected by expectations of Middle East peace talks and a weakening dollar, gold and silver prices have rebounded significantly after experiencing sharp fluctuations earlier. Among them, international gold (XAUT) rose by 4.48%, reaching a high of $4,591.6 in 24 hours, currently reported at $4,557.4; international silver (XAG) surged by 9.97%, hitting a high of $74.56 in 24 hours, currently reported at $73.54. The trading sentiment in the metal market remains active.According to CoinGlass data, the 24-hour contract trading volume of XAUT on the Gate platform reached $120 million, consistently ranking among the top exchanges; the 24-hour contract trading volume of XAG reached $270 million, with trading volume leading the industry for a long time. With the price rebound, market confidence has been boosted, significantly enhancing the activity of metal contract trading.Gate has pioneered the metal contract trading sector, providing 24/7 uninterrupted trading, offering users greater strategic flexibility and asset management efficiency in volatile markets. Gate contracts cover various traditional financial assets, including stocks, metals, foreign exchange, indices, and commodities, supporting trading in core assets such as gold, silver, and globally popular stocks. Gate continues to build a more efficient and professional multi-asset one-stop trading platform for global users.

The trading volume of gold and silver continues to rise, with Gate XAUT and XAG contracts ranking among the top three globally

The metal market has continued its active trend recently. Among them, international gold (XAUT) reached a maximum of $4,999.2 in 24 hours, and international silver (XAG) reached a maximum of $81.59 in 24 hours. Precious metal prices overall maintained high-level fluctuations, and market trading sentiment continued to heat up.According to CoinGlass data, the trading volume of gold (XAUT) contracts on the Gate platform reached $47.88 million in 24 hours, an increase of 412.70% month-on-month, ranking third globally; the trading volume of silver (XAG) contracts was approximately $77.51 million, an increase of 933.64% month-on-month, ranking second globally. At the same time, the open interest of XAG contracts was approximately $17.82 million, ranking third globally, significantly enhancing the overall trading activity in the metal sector.Gate pioneered the metal contract trading sector, providing 24/7 uninterrupted trading, offering users greater strategic flexibility and asset management efficiency in volatile markets. Gate contracts have covered various traditional financial assets such as stocks, metals, foreign exchange, indices, and commodities, supporting trading in core targets such as gold, silver, and globally popular stocks. Gate continues to create a more efficient and professional multi-asset one-stop trading platform for global users.
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