Now live: trade gold-backed assets on Rain

Rain now offers access to trade PAX Gold (PAXG) and Tether Gold (XAUt), two digital assets that provide exposure to the market price of physical gold through the blockchain. These tokens allow for the ownership of gold with the liquidity of a digital asset.

Both PAXG and XAUt are stablecoins backed 1:1 by physical gold. One token represents one fine troy ounce of a London Good Delivery gold bar. With gold prices climbing to record highs recently and crossing the $5,000 per ounce mark, this listing enables fractional ownership and 24/7 trading. By listing PAXG and XAU, Rain gives you the safety of physical gold with the speed and ease associated with crypto trading.

Tether Gold (XAUt) is issued by Tether, the organization behind the USDT stablecoin. Tether has become a significant participant in the global bullion market due to high demand for gold-backed assets. As of early 2026, Tether’s total physical gold holdings have reached approximately 140 tonnes. With gold prices trading above $5,000 per ounce, these reserves are valued at roughly $23 billion. Tether currently purchases gold at a rate of one to two tonnes per week, a pace that exceeds the acquisition activity of many national central banks. These reserves are stored in high-security Swiss vaults. A portion of this gold specifically backs XAUt tokens, while Tether also maintains a surplus as a corporate reserve to provide stability for its broader ecosystem.

These tokens track the real-time spot price of gold and offer a digital method to hold the asset alongside other digital assets. Rain provides a safe and secure way to trade and store PAXG and XAUt, along with 100+ others.