What is Pax and PAXG?

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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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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What is Pax in crypto?

Paxos (PAX) is a USD-pegged cryptocurrency, otherwise known as a stablecoin developed by Paxos Trust Company . It is regulated by the New York State Department of Financial Services, with deep experience as an intermediary between fiat and digital assets.

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