XAUt (Tether Gold) rose 1.09% in the last 24 hours.

Gate News Bot news, on September 2, according to CoinMarketCap data, as of the time of publication, XAUt (Tether Gold) is currently priced at 3492.81 USD, up 1.09% in the last 24 hours, with a high of 3493.26 USD and a low of 3372.77 USD. The current market capitalization is approximately 861 million USD, an increase of 9.25 million USD compared to yesterday.

Tether Gold (XAUt) is a digital token backed by physical gold. By placing gold on the blockchain, XAUt unlocks various features that are typically only available to crypto assets. XAUt provides ownership of physical gold with advantages such as easy transport, high divisibility, all-day trading, redeemability, convenient storage, and easy verification. For institutional investors, XAUt is an excellent asset that offers ownership of physical gold along with all the advantages of crypto assets. XAUt combines direct exposure to the price of physical gold with the accessibility and trading convenience of crypto assets.

Important news about XAUt recently:

1️⃣ Tokenized gold market size surpasses $2.5 billion As the price of physical gold approaches historical highs, the total market size of tokenized gold has surpassed $2.5 billion. This rise reflects investors' continued preference for gold as a safe-haven asset, while also demonstrating the increasing popularity of digital gold products.

2️⃣ Tether Gold reserve rise As of the first quarter of 2025, the gold reserves of Tether Gold (XAUt) have reached 7.7 tons. This data indicates that XAUt has received widespread recognition in the market, and the increase in reserves also provides strong support for its price.

3️⃣ XAUt market capitalization significantly rises With the overall strengthening of the gold market, the market capitalization of XAUt has also seen a significant rise. This trend not only reflects the pump in physical gold prices but also demonstrates the growing confidence of investors in XAUt, this digital gold product.

From a technical perspective, the price trend of XAUt is highly correlated with physical gold, and the recent pump trend may continue. However, investors need to closely monitor the global economic situation and changes in monetary policy, as these factors may affect the price direction of gold and XAUt.

This message is not intended as investment advice. Investors should be aware of market volatility risks.