Price (USD)$ 1740.4831
Circulating SupplyPAXG 333.661K
Volume (24h)$ 8.73417M
Market Cap$ 580.73135M
Low/High 24h$ 1.7321K - $ 1.7479K
Change (24h)-$ 3.189946
PAX Gold (PAXG) is a stablecoin released in Autumn 2019. A PAX Gold price is linked to the price of a troy ounce of gold. This token allows everyone to earn on the rise in the exchange rate of gold quickly and is completely backed by physical bullion held in Brink's gold storage facility located in the UK.
This cryptocurrency is a project of Paxos, a company from New Your City that handles the blockchain infrastructure behind cryptocurrencies.
PAXG coin price today is 1740.4831 USD.
This cryptocurrency offers investors more advantages and lower risks than buying gold ETFs or futures contracts.
The reason why such tokens are more secure is simple. PAXG tokens are liquid. This allows users to buy and sell them via a suitable exchange supporting ERC-20 tokens. It's possible to quickly send assets to trustworthy crypto wallets to keep them in a safe place.
PAXG is supported by physical bullion and tracks the price of the precious metal in an online mode.
One of the primary pros is that Paxos allows holders to exchange their tokens for gold immediately. Asset holders own precious metal, which they can use whenever they need it.
The token's regulation provides extra protection for investors. Because the issuer is a public trust company, customer assets are separate from business ones. Paxos isn't permitted to access funds to make extra money by trading or investing in other assets that seem profitable.
Besides, the precious metals stocks used to support PAX Gold crypto don't get the company's property, even if there are risks of bankruptcy. In this situation, those who own tokens will claim the physical gold bullion to which they are entitled.
StealthEX is the safest way to buy PAXG in a few minutes. To use this non-custodial exchange, just pick a suitable token from over 400 coins, provide general information for the transaction, and receive PAX Gold to your crypto wallet.
Just go to StealthEX exchange and follow these easy steps:
You are more than welcome to visit the StealthEX exchange and see how fast and convenient it is.
The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.