Is Pax backed by USD?

Each Paxos Standard stablecoin token is fully backed by an appropriate dollar reserve held at U.S.-domiciled Federal Deposit Insurance Corporation (FDIC)-insured banks . Auditing firm Withum will be responsible for the necessary attestation procedures on the reserve accounts and PAX tokens on a month-end basis.

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Can you buy PAXG on Binance?

Binance will list PAX Gold (PAXG) and open trading for PAXG/BTC, PAXG/BNB and PAXG/BUSD trading pairs at 2020/08/26 12:00 PM (UTC). We will then open trading for PAXG/USDT at 2020/08/28 12:00 PM (UTC). Users can now start depositing PAXG in preparation for trading.

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