Golden Finance reported that the monthly stablecoin report from CoinDesk Data shows that in March, the market capitalization of tokenized gold soared to a record 1.4 billion dollars, with volume spiking to an annual high. Among these products, Tether's gold-backed token (XAUT) and Paxos' PAXG dominate, with market capitalizations of 749 million dollars and 653 million dollars, respectively. The report states that the overall stablecoin market's market capitalization exceeded $231 billion in March, marking 18 consecutive months of growth. USDT rose to a record $144 billion. However, as competition in the stablecoin market intensifies, its market share has fallen to the lowest level since March 2023 (62.1%). The second largest stablecoin, Circle's USDC, grew by 7% in one month, reaching nearly $60 billion.

PANews reported on April 19 that, according to Bloomberg, Tether, a stablecoin issuance provider, has partnered with the TON Foundation to allow customers to send encryption payments using instant messaging services encryption Telegram. Tether CEO Paolo Ardoino said in an interview at the Token2049 encryption conference in Dubai on Friday: "We can create the first truly powerful application that can be used both as a communication system and as a bank account. ” Arduino said Tether works closely with 124 law enforcement agencies in 40 different countries and complies with OFAC sanctions rules; has the ability to freeze assets when required by law enforcement agencies, Tether has cooperated with law enforcement and frozen $1.1 billion in funds since its inception in 2014; the company now issues quarterly proof of assets backing its reserves, has more than $90 billion in U.S. Treasuries-backed USDT, and has a circulating supply coverage of 106 for stablecoinsThe company made a profit of $6 billion last year, of which $5 billion went to its reserves as the company prioritized redeemability. Steve Yun, chairman of the TON Foundation, said in an interview at the conference that he wants to bring more long of Telegram's 900 million users to TON Blockchain and encryption Wallet, as long users are looking for simple and effective ways to send money. "In emerging markets, there is a huge need to store wealth in dollars," he said. Earlier, Tether CEO said that USDT will be on the TON network on April 20, and XAUT will be on the TON network in the next few months.

PANews reported on April 2 that, according to CoinDesk, DeFi derivatives protocol Cega launched a package option strategy called "Gold Rush" last week, involving ETH and Tether's gold-backed XAUT tokens as the underlying asset, while also having a security component that can protect users' capital from a 30% drop in asset prices. According to Cega, the product offers up to 83% annualized yield for investors who stake ETH, stETH, wBTC or USDC in the option strategy vault. This yield is paid in the form of a staked coin, so ETH stakers receive ETH in the form of yield, providing asymmetric upside in a bull market. The Gold Rush vault went live on March 26. Since then, users have deposited $297,000 worth of crypto assets in the strategy.