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Is PAXG a stablecoin backed by physical gold?

avatarAnatoliNov 27, 2021 · 3 years ago3 answers

Can you provide more information about PAXG? Is it a stablecoin that is backed by physical gold?

Is PAXG a stablecoin backed by physical gold?
PAXG
Stablecoin
Physical Gold

3 answers

  • avatarNov 27, 2021 · 3 years ago
    Yes, PAXG is indeed a stablecoin that is backed by physical gold. Each PAXG token represents one fine troy ounce of London Good Delivery gold stored in professional vault facilities. This ensures that each token is fully backed by physical gold, providing stability and security to its holders.
  • avatarNov 27, 2021 · 3 years ago
    Absolutely! PAXG is a stablecoin that is backed by physical gold. This means that for every PAXG token in circulation, there is an equivalent amount of physical gold stored in secure vaults. This unique feature makes PAXG a reliable and trustworthy investment option for those looking to diversify their portfolio.
  • avatarNov 27, 2021 · 3 years ago
    Yes, PAXG is a stablecoin backed by physical gold. It is an ERC-20 token that represents ownership of physical gold held in the vaults of Paxos Trust Company. PAXG offers the benefits of both digital assets and physical gold, combining the convenience of cryptocurrency with the stability and intrinsic value of gold.

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