Is PAXG pegged to gold?

What are gold stablecoins? Gold-pegged altcoins are ones pegged to the price of gold. In the case of PAXG, every token is backed by one fine troy ounce (t oz) of a 400 oz London Good Delivery gold bar, stored in Brink’s vaults .17 Şub 2022

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What 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.

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