#PAXGtoken
PaxG is have a Gold Back Up and stable coin?
PAX Gold (PAXG) is a stablecoin backed by physical gold, where each token represents one fine troy ounce of gold. It operates on the Ethereum blockchain, allowing users to buy, sell, and redeem tokens for physical gold.
A digital token, backed by physical gold
PAXG offers investors a cost-effective way to own investment-grade physical gold with all the benefits of the blockchain. Each Pax Gold (PAXG) token is backed by one fine troy ounce of gold, stored in LBMA vaults in London. If you own PAXG, you own the underlying physical gold, held in custody by Paxos Trust Company.
Secure and regulated
The allocated gold that backs PAXG is custodied in LBMA vaults and audited monthly. Paxos is a trust company and custodian regulated by the New York State Department of Financial Services.
Redeemable
PAXG is the only gold token you can redeem for LBMA-accredited Good Delivery gold bullion bars. Institutional customers can also redeem for unallocated Loco London Gold. Redeem for USD at current gold market prices at any time.
