PAXG, or PAX Gold, is an ERC-20 token pegged to physical gold, designed to combine gold's store-of-value properties with the transferability of blockchain technology. For investors, understanding its issuance background and trading channels is crucial foundational information.
What is PAXG?
PAXG is a stablecoin fully backed by physical gold reserves. Its core mechanism is: each PAXG token represents one troy ounce of London Good Delivery gold bar stored in a London Bullion Market Association (LBMA) approved vault. The issuer, Paxos Trust Company, pledges that the supply of PAXG always matches the amount of physical gold it holds, and it publishes monthly reserve audit reports conducted by an independent third party. Holders can theoretically redeem their tokens for physical gold bars or an equivalent amount in USD.
Who are the founders of PAXG?
PAXG itself was not independently founded by an individual "founder," but rather is a product issued and managed by the regulated financial institution Paxos Trust Company. The co-founders of Paxos Trust Company are Charles Cascarilla and Rich Teo. Charles Cascarilla also serves as the CEO of Paxos. Therefore, when discussing the "founders" of PAXG, it typically refers to these two co-founders of its issuing entity, Paxos.
On which exchanges is PAXG traded?
As a mainstream and regulated gold token, PAXG is listed on numerous cryptocurrency exchanges. According to current market data, platforms supporting PAXG trading include Binance, OKX, Coinbase Exchange, MEXC, LBank, and others. Users can find PAXG trading pairs with USDT, USD, etc., in the spot trading sections of these platforms. Since PAXG is an Ethereum-based ERC-20 token, users can also use compatible Web3 wallets like MetaMask to trade on decentralized exchanges (such as Uniswap). Before trading, users can check the latest price and liquidity information on market platforms like Svmuu.
PAXG Features and Risk Warning
PAXG's main feature is its tokenization of traditional gold assets, offering 24/7 trading convenience and smaller fractional units. Its value is closely pegged to the price of gold, so its price fluctuates with international gold prices. Investors should note that while its reserves are audited, there are still risks associated with the issuer's credit, smart contract technology risks, and market liquidity risks. Like all cryptocurrencies, its price may also experience sharp short-term fluctuations.
The platform information mentioned in this article is subject to changes in exchange listings and delistings; please refer to official exchange announcements for the most up-to-date information.
