Market size of gold-backed stablecoin up until June 22, 2022
have market caps that are worth several times the numbers presented by Paxos Gold and Tether Gold (xAUT). There are, however, different example of these so-called collateralized stablecoins, or stablecoins that are entirely or near entirely backed up by a reserve asset.
The market cap of stablecoin that have gold as a collateral remained relatively unchanged since February 2020. These type of digital assets were far less common than stablecoins backed by USD, however. Tether (USDT), USD Coin (USDC), and Binance Coin (BUSD), for example,