Paxos Trust Company LLC, the issuer of the PAX dollar-pegged stablecoin, sees its Paxos Gold (PAXG) coin immediately adopted within the crypto ecosystem. The gold-backed digital asset is not merely representing the price of gold but stands for actual rights to owning physical gold in a vault.
Each coin is backed by one fine troy ounce (t oz) of a 400 oz London Good Delivery gold bar, stored in a gold vault by Brinks, one of the most established vault services in the UK.
The asset is approved by the New Yor...