Gold-Backed Tokens Hold Firm in $19B Crypto Rout, But Rally May Be Near Exhaustion

coindesk.com/markets/2025/10/11/gold-backed-tokens-hold-firm-in-usd19b-crypto-rout-but-rally-may-be-near-exhaustion

, ether (ETH) and other major cryptocurrencies tumbled in a $19 billion liquidation event on Friday, major gold-backed digital assets bucked the trend amid the precious metal’s rally.
Tokens tied to physical gold, including Paxos’ PAXG and Tether’s XAUT, were among the few to hold their…

This story appeared on coindesk.com, 2025-10-11 11:36:05.
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