Binance’s XAUT perpetual contracts are generating approximately $2 billion in daily trading volume, up from $1.5 million in December 2025, representing a surge of over 1,300 times. XAUT hit a peak of $6.4 billion in daily volume on March 23, 2026, making it the fifth most-traded perpetual pair on Binance. XAUT is Tether Gold, a token backed 1:1 by physical gold meeting London Bullion Market Association standards, stored in Swiss vaults. Tether Gold’s market capitalization grew by $237 million in the 30 days leading up to mid-August 2026.
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