The listing connects BNB Chain's ecosystem to XAUT, which is the largest gold-backed token on the market with a nearly $2.5 billion market cap, as of this writing. That’s nearly half the total tokenized gold market, which currently sits at $5.3 billion, per data from CoinGecko. Paxos’ PAX Gold isn’t far behind XAUT with a market cap around $2.3 billion.
Leading crypto exchange Binance—which launched the BNB token and BNB Chain network—has opened spot trading for XAUT pairs including USDT, Bitcoin, FDUSD, USDC, and TRY.
“Listing on BNB Chain expands that access to hundreds of millions of users,” he added, “bringing gold into a system where it can actually be used, not just held.”
ETF Giant Challenges Tether and Paxos With Framework for Tokenized Gold
