Technically, PAX Gold falls under the same conventions set for Paxos Standard , (a stablecoin that allows users to exchange US dollars for Paxos Standard Tokens) in addition to the necessary frameworks needed for heavy physical commodities. PAXG offers a regulated custodial solution that is regulated by the NYDFS.
Read moreWhat is Pax gold coin?
PAX Gold (PAXG) is a commodity-backed, gold stablecoin issued by Paxos . Each token is backed by 1 fine troy ounce of gold kept in Brink’s vaults managed by Paxos. PAXG allows for exposure to Gold markets without using an ETF, futures contract, or other derivative product.
Read moreHow do you get Pax gold coins?
How to buy PAX Gold
Read moreWhere can I buy PAXG?
PAXG is also available for trading on Paxos’ itBit exchange . PAXG will also be available on other crypto-asset exchanges, wallets, lending platforms and elsewhere within the crypto ecosystem.
Read moreWhat tokens can I buy on Coinbase?
Coinbase Wallet supports the Ethereum, Polygon, Bitcoin, Dogecoin, Litecoin, Stellar Lumens, and Ripple network .
Read moreHow can I buy PAXG in India?
Getting Started
Read moreIs PAXG same as gold?
The amount of gold representing the total supply of PAXG is a 1:1 ratio – one fine troy ounce of gold equals one PAXG token . The total supply of gold representing PAXG changes continuously as the market capitalization of PAXG increases and decreases.
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