$PAXG (Paxos Gold) is a different stablecoin. Instead of being tied to the dollar, it is backed by physical gold.

1 PAXG = 1 troy ounce of gold (approximately 31.1g).

In other words, when you buy PAXG, you are buying gold, in a digital, secure, and much more practical way than physical gold.

Why do people use PAXG?

- Protection against crises and inflation.

- Exposure to gold without needing to store bars or coins.

- Instant transfer, global liquidity, and no borders.

In such a volatile market like cryptocurrencies, some investors prefer to balance their portfolios with safer assets.