The two largest gold stablecoins – by far – are pax gold (PAXG), issued by the New York-based fintech firm Paxos Trust Company, and tether gold (XAUT), issued by Tether, the same company behind the $80 billion dollar-pegged stablecoin USDT. At the time of publication time, the market cap of PAXG and XAUT was standing at $518 million and $499 million, respectively, per CoinGecko data.
