What is gold in Binance?

PAX Gold (PAXG) is a digital asset issued by Paxos . Each PAXG token is backed by one fine troy ounce (t oz) of a 400 oz London Good Delivery gold bar, stored in Brink’s vaults. Users that own PAXG will also own the underlying physical gold, held in custody by Paxos Trust Company.

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How does Tether coin work?

Tether is a blockchain-based cryptocurrency that is backed by the U.S. dollar . This means there are actual dollars in reserves at financial institutions to serve as collateral. Stablecoins, when fully backed by the dollar, have a 1:1 relationship with USD.

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