#StablecoinPayments
Tokenized gold:
PAXG is a stablecoin whose price is pegged to that of a troy ounce of gold.
The gold backing PAXG is stored in vaults in London.
In times of economic uncertainty and geopolitical tensions, gold is once again gaining prominence as a safe haven. Throughout history, the precious metal has been a reliable store of value against inflation, fiat currency devaluation, and crises in the traditional financial system.
Currently, amidst the rise of decentralized technologies, gold is also adapting to new times: it is no longer necessary to buy physical bars or pay for custody. It is possible to acquire tokenized digital gold, backed by physical gold, securely and with great accessibility.
