PAXG / Pax Gold Update

🔹 What it is: $PAXG is a gold-backed stablecoin where each token represents 1 troy ounce of London Good Delivery gold, combining crypto convenience with gold’s intrinsic value. (paxos.com)

🔹 Price & market behavior: PAXG tracks the spot price of gold closely, offering traders and investors exposure to gold without physical storage. Price tends to move in line with gold, making it a safe-haven asset in volatile crypto markets.

🔹 Trading & use cases: PAXG can be traded on major crypto exchanges, used as collateral in DeFi protocols, or redeemed for physical gold, providing liquidity and flexibility.

🔹 Outlook: PAXG remains an attractive option for those seeking crypto exposure to precious metals, hedging against inflation, and diversifying portfolios.