随着传统黄金市场的升温，加密货币投资者也效仿了贵金属的令牌版本

诸如Paxos Gold（Paxg）和Tether Gold（XAUT）等金牌的加密货币分别增加了24.15％和23.7％，年龄在$ 3300 $ 3300以上的新历史高峰

Crypto investors are flocking to tokenized versions of gold as traditional gold markets heat up, seeking both price exposure and digital flexibility.

加密投资者正在涌向代币的黄金版本，因为传统的黄金市场升温，寻求价格敞口和数字灵活性。

Gold-backed cryptocurrencies like Paxos Gold (PAXG) and Tether Gold (XAUT) have risen 24.15% and 23.7% respectively year-to-date to new all-time highs above $3,300, roughly matching the performance of spot gold. Their prices have since receded slightly to $3,265 and $3,244, respectively.

诸如Paxos Gold（Paxg）和Tether Gold（XAUT）等黄金支持的加密货币分别上升了24.15％和23.7％，年龄在3,300美元以上的新历史最高高点，大致与现货黄金的性能相匹配。此后，他们的价格略有下降至3,265美元和3,244美元。

While gold-backed cryptocurrencies surged so far this year, the wider cryptocurrency market has been in a downtrend. Bitcoin (BTC) has lost more than 11% of its value so far this year, while the wider crypto market has fallen by a little over 30%, based on the CoinDesk 20 (CD20) index.

尽管今年到目前为止，金牌支持的加密货币飙升，但更广泛的加密货币市场一直处于下降趋势。基于Coindesk 20（CD20）指数，比特币（BTC）今年迄今已损失了其价值的11％以上，而更广泛的加密货币市场下跌了30％以上。

The tokens, which are backed by physical gold and track its price, experienced a surge in value as investors sought refuge from the uncertainty induced by the escalating U.S.-China trade war.

以实物黄金的支持并追踪其价格的代币，由于投资者寻求避难所避难的避难所的不确定性，因此美国 - 中国贸易战争的不确定性越来越大。

The move echoes a broader return to gold as a safe-haven asset. Inflows into gold ETFs hit 226.5 tonnes in the first quarter of 2025, the highest level since early 2022, according to data from the World Gold Council. Nearly 60% of that demand came from North America.

作为避风港资产，此举回荡了更广泛的黄金回归。根据世界黄金委员会的数据，在2025年第一季度，黄金ETF的流入达到226.5吨，这是自2022年初以来的最高水平。近60％的需求来自北美。

Similarly, gold-backed cryptocurrencies saw net token minting of over $42.7 million in the first quarter of the year, according to data from RWA.xyz, helping along with gold’s price appreciation raise their total market capitalization near $1.4 billion.

同样，根据rwa.xyz的数据，一年中第一季度的金牌加密货币在一年中的净造币销售额超过4270万美元，并帮助黄金的价格升值提高了其总市值接近14亿美元。