Commodity-backed tokens surpass $1.1b market cap, gold most popular

Commodity-backed crypto tokens have reached a $1.1 billion market capitalization, according to "RWA Report 2024: Rise of Real World Assets in Crypto" report by CoinGecko.The report points out that gold remains the most popular commodity used as backing, with gold-backed tokens like Tether Gold (XAUT) and PAX Gold (PAXG) accounting for 83% of the market cap for commodity crypto tokens. XAUT and... source: https://cryptobriefing.com/gold-backed-crypto-tokens-dominate-commodity-market/