$PAXG is a tokenized-gold asset: each PAXG token represents one fine troy ounce of physical gold stored in LBMA-accredited vaults in London.
It runs on the Ethereum blockchain as an ERC-20 token, giving holders the ability to trade or transfer gold-backed value 24/7, without the traditional storage or custody hassles of physical gold.
The backing and reserves are regulated: the issuer Paxos Trust Company is under oversight, and monthly audits are conducted to ensure that every $PAXG token corresponds to actual gold in vaults.
PAXGUSDT
Perp
4,192.68
-0.21%
