Gold-Backed Stablecoins Surge as Leading Token Captures Market Share in 2025

Summary:
In 2025, the market for gold-backed stablecoins has experienced remarkable growth, nearing $4 billion in total market capitalization. This increase is largely driven by two dominant tokens, which together account for almost 90% of the market supply. Rising gold prices and an increasing interest in tokenized assets have further fueled this trend.

Key Takeaways:

Gold-backed stablecoins have reached about $4 billion in market capitalization, nearly tripling since early 2025.
Two key tokens dominate the market, holding nearly 90% of the total supply.
The growth is linked to rising gold prices and an issuer's strategic accumulation of gold.
These stablecoins offer investors a way to own fractional parts of physical gold, enhancing liquidity and transparency in transactions.

Gold-backed stablecoins near $4b as top issuers hoard bullion.

The Rise in Value of Gold-Backed Stablecoins

Gold-backed stablecoins have skyrocketed to roughly $4 billion in market capitalization, marking a nearly threefold increase since the beginning of 2025, as indicated by market data.

One particular token holds around half of the total market share, while another significant token commands a noteworthy portion as well. Together, these two tokens account for nearly 90% of all tokenized gold assets, with the leading token surpassing its rival thanks to an expansion of supply throughout the year.

This upswing in tokenized gold has coincided with a significant rise in actual gold prices year-to-date. Factors contributing to this increase include macroeconomic uncertainties, geopolitical tensions, and a consistent global demand for this precious metal.

Gold-backed stablecoins allow investors to own fractional pieces of real gold stored in secure vaults, enabling them to gain exposure to gold through blockchain-based tokens easily tradable on cryptocurrency platforms.

Moreover, a major stablecoin issuer has emerged as a significant institutional holder of gold. The quantities accumulated place this issuer among the largest gold holders globally, as reported by International Monetary Fund data, even surpassing some national reserves.

This trend signifies a growing interest from both institutional and retail investors in digital assets that are backed by traditional commodities. Gold-backed stablecoins provide benefits such as enhanced liquidity, greater transparency, and the ability to conduct cross-border transfers, all while maintaining a price correlation with physical gold.