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What is Paxos Gold? - PAXG Beginner Guide

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The Paxos Gold token is a commodity-backed stablecoin issued by Paxos on the Ethereum blockchain. Different from a fiat-collateralized stablecoin, a commodity-backed coin is hard pegged to a fixed amount of a physical asset, in this case, gold. One Paxos Gold token is represented by one troy ounce of gold, held in custody by the Pax Trust Company in Brink’s security vaults.
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Our BlockCard Learn video series is designed to provide a quick and easy-to-understand overview of some of the most popular concepts, terms, and technologies available in today’s ecosystem. Thanks for watching, and please share these videos if you find them helpful.
Sign up for a BlockCard and start spending your crypto today!
Follow us!
#Paxos #PAXG #Crypto
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