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Rank #28PAXGCommodity-Backed
Pax Gold
Pegged to
Gold (1 troy ounce)
Market Cap
$600.00M
24h Volume
$15.00M
Circulating Supply
250.0K PAXG
Total Supply
250.0K PAXG
Peg Target
Gold (1 troy ounce)
Collateral Type
Commodity-Backed
Issuer
Paxos Trust Company
Launch Date
26-09-2019
About Pax Gold
Pax Gold (PAXG) is a gold-backed token issued by Paxos Trust Company, regulated by the NYDFS. Each PAXG token is backed by one fine troy ounce of London Good Delivery gold held in LBMA-accredited vaults in London. PAXG holders can verify their specific gold bar allocation via the Paxos website. The token can be redeemed for physical gold or exchanged for fiat currency. PAXG is the most regulated gold-backed token and offers no custody fees — Paxos absorbs storage costs.
Supported Blockchains
Pros
- NYDFS-regulated — highest compliance
- No custody fees
- LBMA-accredited vault storage
- Physical gold redemption option
Cons
- Limited to Ethereum only
- Creation and redemption fees apply
- Less DeFi integration than stablecoins
- Gold price volatility (not dollar-stable)
Key Features
1 token = 1 troy ounce of LBMA gold
NYDFS-regulated issuer
No custody fees for holders
Physical gold redemption available
Specific bar allocation verification
Monthly reserve attestations
Stablecoin Information
Category
Commodity-BackedCollateral Type
Commodity-BackedIssuer
Paxos Trust Company