PAX Gold
PAXG
PAX Gold (PAXG) Feed: Events, News & Roadmap
Paxos Acquires Membrane Finance
Paxos, a leading regulated blockchain platform, has announced the acquisition of Membrane Finance, a Finnish fintech company. This strategic move will…
PAX Gold Partners With Stellar
PAX Gold has announced a new collaboration with Stellar to bring more regulated digital assets on-chain. The announcement was made by Paxos CEO Charle…
PAX Gold to Participate in Blockchain Policy Summit in New York on October 10th
PAX Gold has announced that Lesley Chavkin, the head of global public policy at Paxos, will represent the company at the Blockchain Policy Summit in N…
PAX Gold to Host Workshop on December 6th
PAX Gold will host a Future of Money webinar where representatives from PayPal and Paxos will be discussing the growth of PayPal USD and the rise of s…
PAX Gold to Participate in Money2020USA in Las Vegas
PAX Gold will be present at the Money2020USA conference in Las Vegas which is scheduled to take place from October 22 to October 25. During the confer…
PAX Gold to Host Meetup in New York on November 2nd
PAX Gold is collaborating with Women Who Code to host a discussion on fostering an environment that encourages engineering excellence. The event is sc…
New PAXG/TRY Trading Pair on Binance
Binance will open trading for the PAXG/TRY trading pair on the 21st of June
Listing on LBank
PAXG will be listed on LBank
Listing on Hoo
Listing on Bitget
Listing on Bityard
Listing on CoinEx
Listing on Bitrue
Listing on AAX
Listing on WazirX
Listing on Binance.US
Listing on Binance
Listing on Crypto.com
Listing on ProBit Exchange
Listing on Kraken
PAX Gold Events on the Chart
What is PAX Gold?
PAX Gold (PAXG) is an ERC-20 stablecoin anchored by physical gold reserves. Running on the Ethereum blockchain, it is managed and custodied by the Paxos Trust Company, under the regulatory oversight of the New York State Department of Financial Services. PAXG offers a digital alternative to traditional gold investments, allowing users to engage with gold assets in the decentralized finance space.
Each PAXG token is representative of one troy ounce of a 400-ounce London Good Delivery gold bar, secured in renowned vaults like Brink’s. To maintain transparency and trust, third-party audits are conducted monthly to ensure the equivalence of Paxos' gold holdings and the circulating PAXG supply. The findings from these audits are openly published on Paxos’ official website. Additionally, the PAXG infrastructure undergoes regular audits to ensure the robustness and security of its smart contracts.
Beyond its representational value in gold, PAXG as an ERC-20 token boasts compatibility with Ethereum wallets, DeFi platforms, and DEXs. Unlike traditional gold holdings, PAXG ownership omits the need for storage or custody fees, charging users only a minimal transaction fee and Ethereum gas costs. Each token bears a serial number linked to a specific gold bar, and this data can be accessed using the PAXG lookup tool. For flexibility, holders can convert their PAXG into fiat, other crypto assets, or even physical gold at prevailing market rates.