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>>Tether Gold Soars as XAUT Rises Over 20% Across Major South Korean Crypto Exchanges

Tether Gold Soars as XAUT Rises Over 20% Across Major South Korean Crypto Exchanges

crypthub

1 day ago

Major Surge in South Korea

On March 21, 2025, Tether Gold (XAUT) surged over 20% on leading Korean exchanges, reaching roughly 6.74 million KRW on Upbit and driving a volume spike on Bithumb. The token’s price rose about 25% within 30 minutes before correcting to a sub‑1% net gain, showing swift market rebalancing. This episode underscored the “Kimchi Premium,” where Korean crypto prices exceed global benchmarks.

What Is Tether Gold?

XAUT is a token that represents one troy ounce of physical gold stored in a Swiss vault, distinct from the USDT stablecoin. Each token is fully backed, audited regularly, and can be redeemed for the underlying gold under issuer terms. It provides a bridge between traditional gold markets and blockchain trading.

Drivers Behind the Spike

High retail participation, capital controls, and limited XAUT/KRW liquidity amplified buying pressure, while macro‑economic uncertainty boosted demand for gold as a hedge. Possible large institutional orders or news cues may have triggered the rapid rise. The isolated nature of Korea’s market often magnifies such price movements.

Implications for Investors

The volatility offers short‑term profit opportunities but also signals market instability for XAUT holders. It highlights growing interest in commodity‑backed tokens in regions with strong retail demand. Future price trends will reveal whether this is a lasting shift or a fleeting arbitrage event.