PAX Gold
PAXG
$2,881.99
-$4.64 (-0.16%)
Past 1 day
Volume (24H)
$2.046K
Circulating Supply
209.2K
Market Cap
$597.4M
About PAX Gold (PAXG)
PAX Gold (PAXG) is a commodity-backed, gold stablecoin issued by Paxos. Each token is backed by 1 fine troy ounce of gold kept in Brink’s vaults managed by Paxos. PAXG allows for exposure to Gold markets without using an ETF, futures contract, or other derivative product.
PAXG was initially issued in September, 2019 and has seen significant growth in market capitalization and volume as gold prices have fluctuated significantly in 2020. PAXG’s advantages over other gold trading products include abilities such as 1) redemption for physical, allocated gold 2) fractional ownership 3) no holding fees (fees charged upon creation/redemption/transfer) and 4) instant settlement.
These features have helped the market capitalization of PAXG grow to over $50M.
Refer a friend and get $75
Refer friends to Gemini. The more they trade, the more you both earn.
Invest in PAX Gold when you spend.
Earn crypto rewards on every purchase with The Gemini Credit Card.
PAX Gold Cryptopedia articles
Paxos: Next-Gen Physical & Digital Assets Infrastructure
Cryptopedia Staff • 5 min read
Paxos’ Pax Gold vs. Traditional Gold Investments
Cryptopedia Staff • 4 min read
See more
PAX Gold links and resources
The whitepaper
PAX Gold website
Frequently asked questions
Pax Gold Token
PAXG is an ERC20 token on the Ethereum public blockchain. Because of this, PAXG may be compatible with systems and applications that support ERC20 tokens. Each token can be redeemed at any point for physical gold as long as it meets the minimum redemption amount of 1 t oz (1 PAXG + redemption fees). The PAXG token is centrally minted and burned on Ethereum by Paxos. The token can be divided into units that go out 18 decimal places. Any Ethereum wallet is capable of sending and receiving PAXG tokens and interacting with their smart contract. All token transfer, creation, and redemption history is visible on the Ethereum blockchain.
Recent PAX Gold (PAXG) Price Data
The price of PAX Gold has decreased by -0.17% in the past 24 hours. The current price is $2,882.00 per PAX Gold. The current circulating supply is 209.2K PAXG.
Last updated 2025/03/02 06:42 (UTC)