Gate Research: Visa Expands Stablecoin Support | Tether Gold Reserve Value Surpasses $2.1 Billion

Crypto Market Overview

• BTC (-0.29% | $112,112 USDT): After a brief upward move, BTC faced selling pressure, pulling back from above $116,000 to around $112,000, extending its short-term downtrend. The price remains below the MA5 and MA10, with moving averages forming a bearish alignment, indicating continued overhead pressure. The MACD lines are trending lower below the zero axis, and the expanding red histogram signals weak momentum. A break below the $111,500 support could trigger further downside toward $109,600, while reclaiming $113,500 may open a recovery move toward $115,000.
• ETH (-0.11% | $3,968 USDT): ETH continues its high-level correction, retreating from above $4,200 to around $3,960. The MA5 and MA10 have turned downward, forming a bearish crossover, while the MA30 has shifted into resistance. The MACD lines are slipping lower with extended red bars, suggesting weak buying momentum. A break below $3,950 could expose $3,870 as the next support, whereas regaining $4,050 with volume may spark a short-term rebound toward $4,150.
• Altcoins: The crypto market has entered a mild correction phase as the Fear & Greed Index rose to 51, showing a normalization of sentiment from previous over-optimism.
• Macro: On October 28, the S&P 500 rose 0.23% to 6,890.89, the Dow Jones gained 0.34% to 47,706.37, and the Nasdaq added 0.80% to 23,827.49. As of 02:15 AM (UTC) on October 29, spot gold traded at $3,972/oz, up 0.50% over 24 hours.

Trending Tokens

PI Pi Network（+16.77% | Circulating Market Cap: $2.157B)

According to Gate market data, PI is currently trading at $0.2659, up 16.77% over the past 24 hours. Pi Network is a mobile-based decentralized cryptocurrency project designed to allow everyday users to participate in blockchain mining and ecosystem development directly from their smartphones. The project utilizes a lightweight consensus mechanism to lower entry barriers, fostering a decentralized community of tens of millions of users worldwide.

The recent strong performance of the PI token is likely driven by the update of its KYC verification system. On October 29, the project announced that an additional 3.36 million users had successfully completed identity verification, while previously “pending” accounts were invited to resubmit their liveness checks, significantly expanding the number of active, transferable users within the ecosystem. This announcement triggered short-term capital inflows, and combined with heightened community engagement and improving market sentiment, PI has emerged as one of the standout performers among trending tokens.

AT APRO Token（+22.73% | Circulating Market Cap: 92.8M)

According to Gate market data, AT is currently trading at $0.4005, up 22.73% in the past 24 hours. APRO is a decentralized AI oracle protocol focused on providing trusted data feeds and verification services for RWA, AI, prediction markets, and DeFi applications. The project employs a multi-chain data validation mechanism that already covers over 40 major blockchains, leveraging its Oracle 3.0 architecture to enable high-frequency data verification and intelligent calls—positioning itself as a key component of cross-chain data infrastructure.

The recent surge in AT’s price is likely driven by multiple positive catalysts. In its latest weekly report, the team revealed that APRO has surpassed 100,000 verified data entries and nearly 95,000 AI calls, reflecting growing ecosystem demand. Additionally, the project teased the launch of a new initiative, “A PROmise of All PROmises,” scheduled for October 29, which the market interprets as a signal of a major ecosystem upgrade. Combined with expectations of integration with the x402 payment protocol, AT has become one of the most prominent tokens within the AI + Oracle narrative.

PUFFER Puffer（+29.82% | Circulating Market Cap: 35.33M)

According to Gate market data, PUFFER is currently trading at $0.11701, up 29.82% in the past 24 hours. Puffer is a modular infrastructure project built within the Ethereum ecosystem, with its core product UniFi AVS designed to bring real-time execution capabilities to Ethereum Rollups, enhancing transaction speed and network efficiency. By implementing execution pre-confirmation, the protocol simulates and validates transactions before inclusion in blocks, achieving a balance between speed and security while improving Layer2 network stability and user experience.

The strong rally in PUFFER is mainly driven by the official launch of UniFi AVS and rising narrative momentum. The rollout of its “real-time execution” technology, aimed at addressing Rollup latency and unpredictability, has drawn significant market attention. Viewed as a major milestone for Ethereum scalability, the launch—together with heightened community engagement and growing ecosystem collaboration—has cemented PUFFER’s position as one of the standout tokens in the infrastructure sector.

Alpha Insights

t54.ai Launches x402-secure, Building a Programmable Trust and Verification Framework for Agent Ecosystems

Trusted agent protocol t54.ai has launched a new component called x402-secure, adding layers of programmable trust and verifiability to the x402 protocol—marking a major step toward greater security and transparency in agent-based payment systems. The solution integrates the native Trustline risk engine to enable pre-settlement protection, identifying potential risks before payments are initiated. Its SDK automatically records agent reasoning and execution traces, generating AP2-compliant evidence embedded directly into payment flows to defend against prompt injection and subscription fraud, thereby enhancing traceability and compliance. Meanwhile, the Validator Agent Network (VAN) continuously monitors servers, APIs, and web content, combining social reputation and on-chain data for real-time analysis and risk alerts.

The launch of x402-secure signifies a transition into an era of verifiable trust for agent networks. Its pre-settlement protection and reasoning traceability mechanisms form a closed risk loop from execution to payment, effectively reducing agent hallucinations and anomalous calls. VAN’s continuous monitoring and reputation scoring establish a data-driven trust system for ecosystem participants, enhancing transparency and resilience. Overall, x402-secure tightly integrates security validation and behavioral traceability, laying the institutional foundation for safer and more auditable agent collaboration in the emerging autonomous AI economy.

Visa Expands Stablecoin Support, Crypto Payment Volume Quadruples YoY

Global payments giant Visa announced broader support for stablecoin settlements and transfers, strengthening its infrastructure role in the crypto payments ecosystem. CEO Ryan McInerney stated during the company’s Q4 earnings call that Visa now supports four stablecoins operating across four different blockchains, covering two fiat currencies and convertible into over 25 traditional currencies. This expansion signals Visa’s transformation from a traditional card network into a multi-chain payment hub, bridging on-chain and off-chain financial systems. McInerney noted that Visa card spending linked to stablecoins grew fourfold year-over-year in Q4, highlighting accelerating adoption of digital asset payments among mainstream users.

Since 2020, Visa has facilitated over $140 billion in crypto and stablecoin flows, including more than $100 billion in user purchase transactions. Currently, Visa operates 130+ stablecoin-linked card programs across 40+ countries and has begun allowing banks to mint and burn stablecoins independently. This move deepens the integration between stablecoins and traditional finance, improving cross-border settlement efficiency and positioning stablecoins as a core pillar of Visa’s future payment infrastructure, advancing the global financial system’s ongoing tokenization.

Tether Gold’s Market Value Surpasses $2.1B, Together with PAX Gold Dominates 90% of the Tokenized Gold Market

Stablecoin issuer Tether released its Q3 2024 attestation report for Tether Gold (XAUT), confirming that each token is fully backed by physical gold bars stored in Switzerland. As of September 30, Tether held 375,572 troy ounces of gold—worth roughly $1.44 billion at quarter-end prices—with 522,089 tokens in circulation and another 139,751 prepared but unsold, reflecting additional reserves ready for issuance. The report emphasized transparency and full backing, reinforcing XAUT’s position as a leading benchmark in tokenized precious metals.

Since the report’s release, rising gold prices have pushed XAUT’s total reserve value to $2.1 billion, up from $850 million in August—more than doubling in two months. Combined with PAX Gold, the two account for nearly 90% of the $3.7 billion tokenized gold market. This growth underscores rising investor confidence in on-chain real-world assets (RWAs) and the accelerating migration of traditional safe-haven assets to blockchain. With its rapid expansion, Tether Gold has become a new value anchor bridging traditional finance and the crypto economy within the stablecoin and RWA sectors.


References

• Gate, https://www.gate.com/trade/BTC_USDT
• Farside Investors, https://farside.co.uk/btc/
• Gate, https://www.gate.com/trade/ETH_USDT
• Farside Investors, https://farside.co.uk/eth/
• Gate, https://www.gate.com/crypto-market-data
• Investing, https://investing.com/indices/usa-indices
• Investing, https://investing.com/currencies/xau-usd
• X, https://x.com/t54ai/status/1982809581962052083
• The Block, https://www.theblock.co/post/376682/visa-adding-support-for-four-stablecoins-on-four-unique-blockchains-as-spend-quadrupled-last-quarter?utm_source=twitter&utm_medium=social
• CoinGecko, https://www.coingecko.com/coins/tether-gold

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