Gold-Backed Stablecoins Surge to $4 Billion, Dominated by One Leading Token in 2025

Gold-backed stablecoins have surged to an impressive $4 billion in market capitalization as of 2025, tripling in value since the beginning of the year. One specific token has eclipsed its competitors, capitalizing on record gold prices, macroeconomic risks, and the accumulation of assets by issuers.

Key Takeaways

Gold-backed stablecoins have reached a market cap of $4 billion in 2025, nearly tripling since January.
One leading token dominates the market, making up about half of the total value of gold-backed stablecoins.
The increase is linked to rising gold prices owing to macroeconomic uncertainties and global demand.
These stablecoins allow fractional ownership of gold stored in secure vaults and can be traded like cryptocurrencies.
A major issuer has become one of the largest holders of gold globally, illustrating institutional interest in commodity-backed digital assets.

As gold-backed stablecoins continue to grow in popularity, they represent an intriguing evolution in the financial landscape, merging traditional asset stability with the innovation of blockchain technology.

Gold-backed stablecoins market cap nears $4b in 2025

The Rise of Gold-Backed Cryptocurrencies

According to recent data, one token commands approximately half of the total gold-backed stablecoin market, with another major player holding a significant fraction. Together, these two tokens account for nearly 90% of all tokenized gold holdings. The leading token experienced this rise following an increase in supply throughout 2025.

This expansion in tokenized gold comes during a significant upswing in gold prices, driven by macroeconomic uncertainties, geopolitical tensions, and a consistent global demand for the precious metal.

Gold-backed stablecoins allow investors to own fractional shares of physical gold bars that are securely stored in vaults. These tokens provide an innovative avenue for exposure to gold, facilitating trading on various cryptocurrency platforms.

Furthermore, a prominent stablecoin issuer has emerged as a substantial institutional holder of gold, purchasing amounts that position it among the top global gold holders, surpassing several national reserves, according to data from the International Monetary Fund.

This trend highlights a growing interest from both institutional and retail investors in digital assets that are backed by traditional commodities. These gold-backed tokens offer benefits such as enhanced liquidity, transparency, and the ability to transfer assets across borders while ensuring a price correlation with physical gold.