PAXG is a digital asset backed by one fine troy ounce of physical gold locked up in safe vaults.

PAXG is a currency that is issued by a regulated U.S. based financial company known as Paxos Trust Company.

Is PAXG built on Ethereum?

Yes, PAXG is the ERC-20 token on Ethereum blockchain.

Is it possible to exchange PAXG for real gold?

Yes, they can liquidate tokens in the form of physical gold or fiat with the help of Paxos.

Where can I buy PAXG?

You can buy it from Binance, Coinbase, Kraken, and Uniswap.

Is PAXG safe to hold?

Yes if applied right, together with the regulation from NYDFS it’s regarded to be secure.

What wallets support PAXG?

PAXG is supported by MetaMask, Trust Wallet, Ledger, and Trezor.

What is the difference between PAXG and stable coins?

The stablecoins are backed by fiat currencies whilst PAXG is backed by gold.

PAXG whether it can be used in DeFi?

They can use it as collateral or for making yields on DeFi sites.

Does PAXG have price volatility?

Its price is tied to the gold market, therefore, it is more stable than the vast majority of the cryptocurrencies.

Pax Gold (PAXG) News: Latest Updates, Headlines & Analysis

Read all the latest crypto news curated from the best local news sources globally. We provide up-to-date crypto news items so you can make the best investment choices.

News

Simpfor Adds PAXG for Copy-Trading as Peter Schiff Supports the Future of Digital Gold on-chain

Jun 12, 20254 Min read

Kanishka Bothra

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