What it is: A token backed 1:1 by one troy ounce of physical gold, securely stored in LBMA-approved vaults. Issued by Paxos Trust Company and fully redeemable for allocated or unallocated gold at any time .
Why it’s popular: Combines the safety of real gold with blockchain ease—fractional ownership, instant transfers, and DeFi usage .
Market snapshot: Trading around $3,390, up ~1.2% today and broadly flat over the past week—tracking gold’s performance .
Key stats: Market cap ≈ $820 million; current circulating supply ≈ 242,000 PAXG .
Use cases: Ideal hedge or store of value in crypto portfolios. Also used as collateral and tradable across major exchanges including Binance, Coinbase, Kraken .
Bottom line: PAXG offers a sleek, liquid bridge to gold without diving into bullion logistics—it’s a smart pick if you want stable value backed by a real asset in your crypto mix.
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