先用工具把“可交易叙事币”和“直接资产凭证”分开，再看方法、证据、风险和下一步动作，避免把所有 RWA 代币混成一个篮子。
Published
2026-03-22
Last reviewed
2026-03-22
Source check
2026-03-22 20:24 UTC
Next review due
2026-09-22
Most Korean searches for rwa 코인 종류 are really asking two questions at once: “which names are tradeable?” and “which names directly represent an offchain asset?” The classifier resolves that conflict before the report layer deepens trust.
Empty state: no classification yet
Submit once and the tool will tell you which lane dominates: direct claim, commodity-backed, infrastructure, or distribution/narrative beta.
자산청구형
Direct claim / fund-share tokens
Am I buying a token that directly maps to a treasury, fund, or credit claim?
금·원자재 담보형
Commodity-backed claim tokens
Do I want tokenized gold or another commodity with explicit backing?
인프라형
Infrastructure / compliance rails
Is this coin mainly monetizing the rails that enable tokenized assets rather than the assets themselves?
유통·내러티브형
Distribution / narrative-beta tokens
Is this token closer to access, routing, or ecosystem growth exposure than a direct asset certificate?
자산청구형
국채·펀드·credit claim 자체를 먼저 구분할 때
금·원자재 담보형
backing + tradability를 함께 보려는 경우
인프라형
tokenized assets의 rails와 middleware를 찾을 때
유통·내러티브형
listed beta와 ecosystem growth를 보고 있을 때
As of 2026-03-22 20:05 UTC, CoinGecko showed about $51.42B market cap and $1.55B 24h volume for the RWA category, while RWA.xyz treats asset class and tokenization type as separate dimensions.
Updated 2026-03-22
BUIDL is limited to Qualified Purchasers with a $5M minimum, USYC is not available in the U.S., USTB is for Qualified Purchasers, and OUSG is limited to accredited investors and qualified purchasers.
Updated 2026-03-22
RWA.xyz distinguishes distributed assets from represented assets by how tokens move, while USYC and JTRSY show that a token can still represent fund ownership with issuer- or structure-level handling.
Updated 2026-03-22
PAXG is backed 1:1 by one fine troy ounce of London Good Delivery gold, while XAUT is backed by physical gold and redeemable to physical gold. Both are claim-based wrappers, not risk-free cash equivalents.
Updated 2026-03-22
Ondo’s docs separate general-access USDY from qualified-access OUSG, and the company says its asset-management and technology arms are separate. Treating every Ondo-related token as one product type is a category error.
Updated 2026-03-22
Users who keep mixing ONDO/LINK/POLYX with treasury or gold tokens
The tool splits market-role exposure from direct-asset exposure before you compare names.
Korean-language searchers who want a tradable list but still need category-level correctness
The page explains why exchange availability is a different question from redemption rights or asset backing.
Research, compliance, and content teams writing about “RWA coin types”
The taxonomy, evidence table, and risk matrix make category language more defensible.
Users seeking a buy-now ranking or price target
This page classifies token types and route fit; it does not issue allocation advice.
Users who need live exchange-by-exchange order-book data
Those decisions should move to venue comparison and execution pages after classification is complete.
자산청구형
Direct claim / fund-share tokens
Am I buying a token that directly maps to a treasury, fund, or credit claim?
금·원자재 담보형
Commodity-backed claim tokens
Do I want tokenized gold or another commodity with explicit backing?
인프라형
Infrastructure / compliance rails
Is this coin mainly monetizing the rails that enable tokenized assets rather than the assets themselves?
유통·내러티브형
Distribution / narrative-beta tokens
Is this token closer to access, routing, or ecosystem growth exposure than a direct asset certificate?
Mid-route CTA
If your result is still about exchange access, move to venue comparison. If it is about listed tokens, move to ranking. If it is about product risk, run scanner checks before capital or content decisions.
This enhancement pass rechecked SERP and source coverage on 2026-03-22 20:24 UTC and then audited the prior page version for weak evidence, missing boundaries, and unsupported assumptions. The fixes below are specific to this route, not a generic template refresh.
| Gap found | Decision risk | Fix in this page |
|---|---|---|
| Core summary claims had weak row-level proof in the prior version | Readers had to trust RWAMK editorial judgment without seeing which official docs actually justified the lane assignment. | Replace generic evidence claims with a source-backed classification basis table covering direct-claim, commodity-backed, infrastructure, and ecosystem-split examples. |
| Direct-claim lane boundaries were still too generic | Users could miss that official product pages often impose qualified-purchaser, non-U.S., onboarded-investor, or redemption-process constraints. | Add source-dated conclusion cards and boundary rows that call out issuer access rules, redemption mechanics, and transferability limits. |
| The page did not explicitly mark important unknowns as unknown | Readers could over-trust the page for Korean exchange coverage or infer legal rights from category membership alone. | Add a known-unknowns table that explicitly marks “暂无可靠公开数据 / no reliable public aggregated data” where the evidence does not support a stronger claim. |
Rerun completed on 2026-03-22 20:41 UTC. Remaining gate count after this self-heal pass is tracked from the rows below, not hard-coded ahead of time.
Blocker
0
High
0
Medium
0
Low
0
| Severity | Issue | Status | Resolution |
|---|---|---|---|
| high | The live classifier sat below a long hero stack, so the tool-first promise was visible but the actual input path was not first-screen enough for a hybrid route. | Fixed | The header now moves straight from the keyword promise into the working classifier, while market snapshot visuals stay in later report sections. |
| high | The stage1c block hard-coded zero remaining issues before the rerun, which made the page claim a pass without reflecting the current review state. | Fixed | Stage1c counts now derive from the current review rows and the section stamps the rerun time so the gate state is traceable. |
| medium | The keyword is Korean-intent, but the first-screen entry path did not offer a short Korean-friendly lane guide before users opened the classifier. | Fixed | A compact Korean quick-fit card now explains when each lane is useful before users interact with the tool. |
| low | The hero used a raw ISO timestamp and duplicated market context already covered in later sections. | Fixed | Snapshot timing is now formatted for readers and the hero focuses on action instead of repeating the report layer. |
Ambiguous keyword routing means the page must solve both classification and explanation in one canonical URL.
Low confidence increases the risk of publishing a flat list that misses the user’s real job-to-be-done.
CoinGecko API category snapshot updated at 2026-03-22 20:05 UTC.
Same CoinGecko API snapshot. Useful for liquidity context, not proof of direct redemption rights.
One credit-linked product and two infrastructure-style network tokens appear together in the same category denominator.
RWAMK editorial classification using official issuer, fund, commodity, and infrastructure docs listed below.
BUIDL, USTB, EUTBL, and JTRSY showed 0.0 24h volume in the CoinGecko API snapshot checked at 2026-03-22 20:24 UTC.
PAXG and XAUT form a bridge category: direct backing language plus broader exchange presence.
The denominator contains direct claims, commodity wrappers, infrastructure rails, and ecosystem-distribution names at the same time. That is why a flat “best RWA coin” list is not enough for this keyword.
Market cap denominator
CoinGecko category market cap was $51.42B, but that number combines direct-claim, commodity-backed, infrastructure, and distribution names.
Volume denominator
Category 24h volume was $1.55B, but several direct-claim names inside the top set showed zero or near-zero spot volume individually.
Reporting discipline
Source check time: 2026-03-22 20:24 UTC. Use the tables below as a typed snapshot, not as a promise of current exchange availability. Category update time: 2026-03-22 20:05 UTC.
Asset-claim-oriented names account for 8 of the current top 12 entries, while infrastructure and distribution lanes account for the remaining 4.
Used when the token itself is meant to represent economic exposure to an offchain asset pool.
Examples
BUIDL, USYC, USTB, USDY, Figure Heloc
Suitable for: Users prioritizing rights, yield source, and redemption terms over headline exchange availability.
Avoid if: You only want a high-liquidity retail coin that can be bought like a simple momentum trade.
Commodity-backed tokens are the cleanest example of a token that represents an identifiable real-world reserve.
Examples
PAXG, XAUT
Suitable for: Users who want a clearer asset-backing story and exchange-tradable RWA exposure.
Avoid if: You need diversified cashflow exposure or you assume commodity backing removes issuer/custody risk.
These networks power issuance, data, settlement, or compliance workflows needed by tokenized assets.
Examples
LINK, POLYX, XLM
Suitable for: Users who want exposure to tokenization adoption, middleware demand, or compliant issuance rails.
Avoid if: You specifically need redemption rights or direct cashflow from an offchain asset pool.
Distribution-layer tokens benefit when more assets, issuers, and users choose their ecosystem or access rails.
Examples
ONDO, QNT, OM
Suitable for: Users screening listed RWA-related coins for market access, ecosystem growth, or narrative beta.
Avoid if: You need the token itself to mirror gold, treasuries, or a fund NAV.
| Lane | What the holder owns | Liquidity profile | Examples | Main red flag |
|---|---|---|---|---|
| 자산청구형 / Direct claim | Claim on a fund, treasury wrapper, receivable, or credit product | Usually restricted or venue-specific | BUIDL, USYC, USTB, USDY, Figure Heloc | Calling it a “regular coin” without checking redemption or investor eligibility. |
| 금·원자재 담보형 / Commodity-backed | Commodity-linked claim backed by custody structure | Often exchange-tradable plus issuer conversion paths | PAXG, XAUT | Assuming commodity backing removes issuer, custody, or spread risk. |
| 인프라형 / Infrastructure | Network, oracle, settlement, or compliance-rail exposure | Usually strongest retail exchange presence | LINK, POLYX, XLM | Mistaking network adoption exposure for direct asset ownership. |
| 유통·내러티브형 / Distribution | Ecosystem access, governance, or distribution-beta exposure | Often tradable, but more narrative-sensitive | ONDO, QNT, OM | Confusing protocol or ecosystem token value with NAV-like asset exposure. |
Rights come first, venue second, liquidity third, and SERP bias correction fourth. That order is deliberate: it keeps the page useful even when the search term sounds like a ranking query.
| Method step | Why it matters | Output |
|---|---|---|
| 1. Separate rights from narrative | The first question is what the holder actually owns, not what the coin is tagged as on a market site. | Direct claim, commodity-backed, infrastructure, or distribution lane. |
| 2. Check venue and transfer constraints | Many direct-claim products have issuer, investor, or venue restrictions even when they appear in broad RWA market screens. | Retail-friendly, qualified-only, issuer-platform, or mixed-access route. |
| 3. Read liquidity with the right denominator | Category market cap can coexist with very low or zero spot volume for individual names. | Tradeable, monitor, or boundary interpretation for execution intent. |
| 4. Correct the Korean SERP bias | Local search results often optimize for “which coins are listed” rather than “which type of claim does this token represent”. | Classifier prioritizes type correctness before ranking or venue advice. |
| 5. Route to the next best page | Once the type is clear, users should move to ranking, venue, or due-diligence workflows instead of staying in taxonomy mode. | Best RWA crypto, best RWA exchanges, scanner, or submit-project path. |
| Name | Symbol | Lane | Market cap | 24h volume | Why it matters |
|---|---|---|---|---|---|
| Figure Heloc | FIGR_HELOC | Direct claim | $15.84B | $296.31M | Consumer-credit linked product, not a general infrastructure coin. |
| Chainlink | LINK | Infrastructure | $6.17B | $329.87M | Oracle and interoperability rail with strong tokenization-infrastructure relevance. |
| Stellar | XLM | Infrastructure | $5.18B | $79.89M | Settlement/network rail that hosts RWA issuance, not a direct claim token by itself. |
| Tether Gold | XAUT | Commodity-backed | $2.53B | $239.53M | Gold-backed lane with explicit redemption language and stronger exchange-style transferability. |
| Circle USYC | USYC | Direct claim | $2.45B | $0.11M | Circle describes it as tokenized shares in a short-duration yield fund and says it is not available in the U.S. |
| PAX Gold | PAXG | Commodity-backed | $2.26B | $167.85M | Useful bridge example when a user wants “asset-backed” plus exchange access, but still via issuer/custody mechanics. |
| BlackRock BUIDL | BUIDL | Direct claim | $2.01B | $0.00 | Securitize positions it as the BlackRock USD Institutional Digital Liquidity Fund for Qualified Purchasers, not a generic retail coin. |
| Superstate USTB | USTB | Direct claim | $1.24B | $0.00 | Superstate says fund ownership is represented by USTB onchain and makes it available to Qualified Purchasers. |
| Ondo | ONDO | Distribution | $1.20B | $39.48M | The Ondo ecosystem also includes USDY and OUSG product tokens, which is why brand-level shortcuts are unsafe. |
| Quant | QNT | Distribution | $1.04B | $17.49M | Access and interoperability narrative exposure rather than direct asset representation. |
| Spiko EU T-Bills MMF | EUTBL | Direct claim | $0.99B | $0.00 | Spiko describes EUTBL shares as claims on a money market fund, which fits direct-claim more than exchange-rail exposure. |
| Janus Henderson Anemoy Treasury Fund | JTRSY | Direct claim | $0.96B | $0.00 | Anemoy says each token represents direct ownership in fund shares with daily subscriptions and redemptions. |
| Example | Lane | Verified fact | Why it changes classification | Source | Checked |
|---|---|---|---|---|---|
| Figure HELOC | Direct claim | Figure describes the facility as being backed by prime home equity lines of credit, which is credit exposure rather than network-rail exposure. | This supports counting Figure Heloc inside the direct-claim top-12 bucket, not the infrastructure bucket. | Figure Markets HELOC facility page | 2026-03-22 20:24 UTC |
| BUIDL | Direct claim | Securitize markets BUIDL as the BlackRock USD Institutional Digital Liquidity Fund for Qualified Purchasers, with a $5M minimum and daily USD conversion windows. | This is much closer to a tokenized fund share than to a high-liquidity retail exchange coin. | Securitize BUIDL page | 2026-03-22 20:24 UTC |
| USYC | Direct claim | Circle says USYC is the onchain representation of tokenized shares in Hashnote International Short Duration Yield Fund Ltd., not available in the U.S., with T+0 or T+1 redemption handling depending on capacity. | The issuer page frames USYC as a regulated fund-share product with jurisdiction and liquidity constraints, not a generic exchange coin. | Circle USYC page | 2026-03-22 20:24 UTC |
| USTB | Direct claim | Superstate says ownership in the fund is represented by USTB onchain, the product is for Qualified Purchasers, and subscriptions and redemptions are facilitated through USD or USDC with liquidity each market day. | That places USTB in the direct-claim lane even when it appears inside a broad market-data category. | Superstate USTB page | 2026-03-22 20:24 UTC |
| EUTBL | Direct claim | Spiko says EUTBL and USTBL are shares of the Spiko money market funds, with those shares represented as tokens. | That is fund-share language, which supports the direct-claim count in the current top 12. | Spiko Web3 use-case page | 2026-03-22 20:24 UTC |
| JTRSY | Direct claim | Anemoy says each token represents direct ownership in the shares of the Fund and that the fund supports daily subscriptions and redemptions. | This is direct ownership language, not infrastructure or ecosystem-token language. | Anemoy JTRSY page | 2026-03-22 20:24 UTC |
| PAXG | Commodity-backed | Paxos says each PAXG token is backed 1:1 by one fine troy ounce of LBMA-accredited London Good Delivery gold held in professional vaults in London. | That is explicit reserve-backing language, which is different from both treasury-fund shares and infrastructure rails. | Paxos support docs | 2026-03-22 20:24 UTC |
| XAUT | Commodity-backed | Tether Gold says XAUt is backed by physical gold, transferable to any onchain address, and redeemable to physical gold. | This is the clearest “backed plus tradable” bridge lane, but still depends on issuer and redemption mechanics. | Tether Gold official site | 2026-03-22 20:24 UTC |
| LINK | Infrastructure | Chainlink positions tokenized assets around reliable automated data, cross-chain connectivity, and onchain compliance and identity tooling. | That is infrastructure and orchestration language, not direct ownership language. | Chainlink tokenized-assets page | 2026-03-22 20:24 UTC |
| POLYX / Polymesh | Infrastructure | Polymesh says it is a purpose-built blockchain for regulated assets, requires identity verification to interact with assets, and uses POLYX as the native utility token for staking, governance, and fees. | That fits the infrastructure/compliance-rail lane, not the direct-claim lane. | Polymesh permissioned blockchain page | 2026-03-22 20:24 UTC |
| Ondo ecosystem split | Distribution boundary | Ondo docs separate general-access USDY from qualified-access OUSG, and the company says its asset-management and technology arms are separate. | One ecosystem can produce both product tokens and technology/distribution-layer exposure, so brand-level shortcuts are unsafe. | Ondo docs and company overview | 2026-03-22 20:24 UTC |
| Situation | Trust this page when | Do not trust this page when |
|---|---|---|
| You need Korean retail exchange access today | You want to know which lane usually stays retail-tradable and which lane usually moves to restricted venues. | You need live exchange-by-exchange listing verification or order-book depth for a specific venue. This page does not have a reliable public aggregated Korean-exchange coverage dataset. |
| You want a token that represents legal ownership or fund shares | You want to distinguish direct-claim and commodity-backed products from infrastructure or ecosystem tokens using issuer language such as “shares,” “ownership,” or “redeemable.” | You assume category membership, chain activity, or a partnership headline alone proves legal rights, custody strength, or redemption certainty. |
| You are deciding based on transferability or wallet movement | You want to use RWA.xyz’s distributed-vs-represented framing as a boundary check before assuming peer-to-peer transfer means direct economic rights. | You treat transferability as proof of direct claim quality or assume all represented assets share the same venue model. |
| You want “asset-backed” plus exchange-style transferability | You want a bridge lane that explains why PAXG and XAUT feel different from BUIDL, USYC, or USTB. | You assume explicit backing removes issuer, custody, spread, identity-check, or redemption-minimum constraints. |
| You are using one issuer brand to infer one lane | You need a reminder that one ecosystem can host direct-claim products, technology rails, and distribution exposure at the same time. | You plan to treat ONDO, OUSG, USDY, and related ecosystem exposure as if they were the same product type. |
| Question still needing direct verification | Current evidence status | Why the page stops here | Minimum safe next step |
|---|---|---|---|
| Which of the named tokens are currently listed on major Korean retail exchanges? | 暂无可靠公开数据 / No reliable public aggregated dataset | This research pass did not find one current, official, cross-exchange dataset covering Upbit, Bithumb, Coinone, and Korbit for every token named on this page. | Verify each venue directly before execution. Do not treat taxonomy output as listing confirmation. |
| Does CoinGecko category membership imply legal rights or redemption quality? | No | CoinGecko exposes market-category grouping and volume context, not issuer rights language, fund constitutions, or jurisdiction-specific claims. | Read issuer or fund documentation before treating a category leader as a direct claim. |
| Are all direct-claim products equally transferable or retail-friendly? | Depends on tokenization type and issuer workflow | RWA.xyz distinguishes distributed assets from represented assets by moveability and peer-to-peer transfer, and issuers can impose onboarding or transfer-agent constraints. | Check transferability, investor eligibility, and redemption mechanics token by token. |
| Option | Strength | Limitation | Best for |
|---|---|---|---|
| This RWAMK taxonomy page | Tool-first classification plus evidence-backed lane definitions. | Not a full ranking engine or live exchange monitor. | Users asking “what kind of RWA coin is this?” before they act. |
| RWAMK /best/rwa-crypto | Ranks tradeable candidates with fit logic, risk, and shortlist outputs. | Assumes you already understand the type of exposure you want. | Users who already know they want a listed RWA-related coin shortlist. |
| RWAMK /best/rwa-exchanges | Venue-level regulation, onboarding, and access comparison. | Does not explain the difference between direct-claim and infrastructure tokens. | Users who already decided they need an execution rail. |
| CoinGecko category page | Fast market-cap and volume snapshot for the broad category. | Category denominator mixes direct-claim, infrastructure, and distribution tokens. | Market context after taxonomy is already clear. |
| RWA.xyz docs and dashboards | Better asset-class and tokenization-type framing for direct-claim products. | Does not solve the Korean retail “which kind of coin am I actually looking at?” problem. | Users validating asset-level methodology after lane classification. |
Most first-order failures on this keyword are taxonomy failures: buying an infrastructure narrative while thinking you own a treasury claim, or assuming a direct-claim product should trade like a retail exchange coin.
| Risk | Impact | Probability | Mitigation |
|---|---|---|---|
| Type-confusion risk | High | High | Run the classifier first and check whether the token is a claim, commodity wrapper, rail, or ecosystem token. |
| Liquidity mismatch risk | High | Medium to High | Do not infer exchange depth from category market cap; check lane-specific venue model and spot volume. |
| Rights mismatch risk | High | Medium | Read issuer, redemption, and eligibility terms before assuming a token mirrors an offchain asset. |
| Narrative-chasing risk | Medium to High | High | Separate protocol/economy tokens from asset-backed products before using partnership headlines as a buy thesis. |
| Jurisdiction and access risk | High | Medium | Route to venue and compliance pages if your real question is whether you can legally access the product. |
| False precision from missing public data | Medium | Medium | When no reliable public aggregated dataset exists, mark the gap explicitly and switch to venue-by-venue or issuer-by-issuer verification. |
Likely lane
Infrastructure or distribution
Action
Use this page to classify first, then move to best-rwa-crypto or best-rwa-exchanges for execution details.
Likely lane
Direct claim
Action
Expect restricted venue or product-specific access; compare with tokenized-money-market-funds instead of generic coin lists.
Likely lane
Commodity-backed
Action
Check commodity-specific custody and redemption disclosures before treating the product like cash collateral.
Likely lane
Infrastructure
Action
Use infrastructure lane and compare with RWA finance or project pages rather than direct-claim products.
| Source | Checked | URL | Why used here |
|---|---|---|---|
| CoinGecko API: categories endpoint | 2026-03-22 20:24 UTC | https://api.coingecko.com/api/v3/coins/categories | Used for market cap, volume_24h, top-3 category names, and category update time. |
| CoinGecko API: markets endpoint for top 12 RWA names | 2026-03-22 20:24 UTC | https://api.coingecko.com/api/v3/coins/markets?vs_currency=usd&category=real-world-assets-rwa&order=market_cap_desc&per_page=12&page=1&sparkline=false | Used for the top-12 market-cap and 24h-volume snapshot shown on this page. |
| RWA.xyz taxonomy overview | 2026-03-22 20:24 UTC | https://docs.rwa.xyz/taxonomy/overview | Supports the claim that asset class and tokenization type are separate classification dimensions. |
| RWA.xyz tokenization-type framework | 2026-03-22 20:24 UTC | https://docs.rwa.xyz/frameworks/tokenization-type | Used to explain distributed vs represented assets and why transferability is not the same thing as economic rights. |
| Securitize BUIDL page | 2026-03-22 20:24 UTC | https://securitize.io/blackrock/buidl | Provides Qualified Purchaser, $5M minimum, and daily conversion details for BUIDL. |
| Circle USYC page | 2026-03-22 20:24 UTC | https://www.circle.com/usyc | Provides tokenized-share, non-U.S. availability, and redemption-timing language for USYC. |
| Superstate USTB page | 2026-03-22 20:24 UTC | https://superstate.com/assets/ustb | Provides fund-ownership, Qualified Purchaser, and market-day-liquidity language for USTB. |
| Anemoy JTRSY page | 2026-03-22 20:24 UTC | https://www.anemoy.io/funds/jtrsy | Provides direct-ownership and daily-redemption language for JTRSY. |
| Figure Markets HELOC facility page | 2026-03-22 20:24 UTC | https://www.figuremarkets.com/resources/how-does-figure-markets-heloc-facility-work | Used to classify Figure Heloc as credit-product exposure rather than infrastructure. |
| Spiko Web3 use-case page | 2026-03-22 20:24 UTC | https://www.spiko.io/use-cases/web3 | Used to classify EUTBL as tokenized fund-share exposure. |
| Ondo USDY docs | 2026-03-22 20:24 UTC | https://docs.ondo.finance/general-access-products/usdy/basics | Used to show that USDY has its own product-access framing and should not be conflated with ecosystem tokens. |
| Ondo OUSG docs | 2026-03-22 20:24 UTC | https://docs.ondo.finance/qualified-access-products/ousg/overview | Used for accredited-investor and qualified-purchaser access rules on OUSG. |
| Ondo company overview | 2026-03-22 20:24 UTC | https://ondo.finance/welcome-to-ondo | Explains the separation between Ondo’s asset-management and technology arms. |
| Chainlink tokenized-assets page | 2026-03-22 20:24 UTC | https://chain.link/tokenized-assets | Evidence for infrastructure/orchestration language rather than direct asset-claim language. |
| Polymesh permissioned blockchain page | 2026-03-22 20:24 UTC | https://polymesh.network/permissioned-blockchain | Supports the infrastructure/compliance lane classification. |
| Paxos support docs for PAXG | 2026-03-22 20:24 UTC | https://support.paxos.com/hc/en-us/articles/29434203257876-Supported-Cryptocurrencies | Used for 1:1 gold-backing and custody language on PAXG. |
| Tether Gold official site | 2026-03-22 20:24 UTC | https://gold.tether.to/ | Commodity-backed example used in the category bridge lane. |