Tether Gold (XAUT) experienced a dramatic price surge of over 20% on South Korean exchanges on March 21, 2025, driven by intense regional demand for asset-backed digital tokens. The price of XAUT increased by approximately 25% within 30 minutes on platforms like Upbit and Bithumb, highlighting the 'Kimchi Premium' phenomenon where South Korean crypto prices often exceed global averages. The surge underscores the unique dynamics of South Korea's crypto market, characterized by high retail participation and capital controls. Tether Gold, each token representing one troy ounce of physical gold, provides a bridge between traditional gold markets and digital assets. Despite the initial spike, XAUT's price stabilized with a gain of 0.96% on Upbit, reflecting rapid market rebalancing. This event highlights the growing interest in commodity-backed tokens in regions with strong retail investment cultures.