$PAXG #
PAX Gold (PAXG) is a regulated digital asset backed 1:1 by physical gold held in London Good Delivery vaults. Each PAXG token represents ownership of one fine troy ounce of LBMA-certified gold, audited monthly for transparency. It’s issued by Paxos Trust Company, a regulated financial institution. �
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📊 Key Features
🔹 Gold-Backed Stability:
PAXG tracks the price of physical gold rather than typical crypto price swings, making it less volatile than most cryptocurrencies. �
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🔹 Blockchain Accessibility:
Built on Ethereum as an ERC-20 token, PAXG enables fractional ownership, fast settlement, and 24/7 trading, unlike traditional gold that has high storage and liquidity barriers. �
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🔹 Regulatory & Custody Trust:
Paxos holds the allocated gold and issues monthly attestations; tokens can be redeemed for physical gold or cash, giving holders more rights than typical gold ETFs. �
paxos.com
📈 Market & Price Dynamics
Current Price Action:
PAXG price often moves in line with spot gold prices — typically showing strong correlation because it’s backed by the physical metal. Recent data shows PAXG outperforming broader crypto markets amid gold rallies. �
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#PAXGUSDT #GoldSilverAtRecordHighs