PAX Gold

Commodity-backed gold stablecoin issued by Paxos, each token is backed by 1 fine troy ounce of gold stored in Brink's vaults. PAXG provides investors with a way to gain exposure to gold markets without using ETFs, futures contracts, or other derivative products, offering a more direct and tangible investment in gold. This stablecoin is particularly beneficial for investors seeking a secure and regulated method to invest in physical gold while leveraging the advantages of blockchain technology.