Gold's rise to all-time highs this year has sparked a growing appetite for tokenized bullion as investors look for ways to take part in the "debasement trade," but on blockchain. The precious metal issued in token form uses the same technology that underpins cryptocurrencies, with issuer guarantees that the tokens are backed by physical gold securely held and designed to closely mirror the price of gold. As gold soared to new highs in October, stablecoin issuer Tether saw as much as a 60% jump in the value of its gold tokens (XAUT). Tether noted that XAUT's market cap jumped from $1.44 billion at the end of last ... (full story)