Tokenized Gold Trading Sees Strong Revival with Tether Gold Leading the Pack

Tokenized gold trading has seen a strong revival in recent months, with Tether Gold (XAUT) emerging as the clear leader of the pack. According to CoinGecko data, XAUT is currently trading near $4,430, and its trading volumes have moved close to their 2026 highs in August.

The renewed demand for tokenized gold is driven by traders using it for hedging, collateral, and leveraged speculation amid inflation concerns and global market uncertainty. Data from RWA.xyz shows that XAUT wallet counts climbed past 84,756, a jump of more than 16% in just 30 days.

XAUT is being used as collateral on lending and perpetual futures platforms like Lighter and Hyperliquid, expanding its role beyond spot ownership. A large wallet linked to Antalpha has been accumulating XAUT positions without showing any signs of cashing out, signaling longer-term conviction rather than short-term speculation.