All about PAXG, a stablecoin by Paxos
PAX Gold
PAXG
PAXG price
3,333.80
USD
May 05, 2025
PAX Gold statistics
Ranking
Ranking, also refered to as popularity, refers to a combination of the crypto-asset market cap and its trading volume within 24h. Ranks are created by ranking companies, so the ranking factors may change from list to list.
#81
Market cap
Market Capitalization refers to the total value of the coin in USD, which is calculated by multiplying the asset circulating supply with the asset current price.
792,295,892
USD
24h Volume
The 24 hour volume refers to the sum of all trades reported by all exchanges in the last 24h for that specific crypto-asset.
45,165,462
USD
Circulating supply
Circulating supply is an approximation of the total supply of tokens that are in the hands of the public and being traded. It is not rare that some tokens end up being burned or frozen in accounts. This metric ignores this number
238,124
PAXG
All-time high
All-time-high is the highest price that the unit of a crypto-asset has reached since its foundation. This metric refers to the history of prices of the asset alone, and not compared to others.
3,520.35
USD
About PAXG
Pax Gold is a token that was created to represent the price of one ounce (31 grams) of a gold bar. As a stablecoin paired with gold, its price varies according to the price fluctuations of th...
Website
https://paxos.com/paxgold/Clear your doubts about Pax Gold's stablecoin (PAXG)
In which network does PAXG run?
PAXG is a token that follows the ERC-20 standard of the Ethereum network. Therefore, it is compatible with all wallets that support this type of asset on their platforms. For this reason, it is also possible to convert PAXG into ETH or any other crypto asset that follows the standard used in the Ethereum network in protocols that allow for this type of conversion.
What is the meaning of "gold-backed cryptocurrency"?
A token is backed when there is an equivalent asset to guarantee its liquidity when issued. In the case of PAXG, this means that, for each token issued, there is a corresponding reserve of an asset deposited in a bank. According to Paxos, the company that issues the PAXG, its token is fully backed by physical gold, which is stored in high-security vaults and attested by auditing firms.
Where can the PAXG stablecoin be used?
As a token that follows the ERC-20 standard of the Ethereum network, PAXG can be used in platforms based on the Ethereum blockchain. Since Ethereum is the network that hosts several projects and platforms in the crypto world, it is easier to access and use PAXG in this ecosystem. Furthermore, within the Paxos platform, it is possible to convert PAXG into physical gold, fiat money or other crypto assets.
How to buy or sell Pax Gold (PAXG)?
You can buy PAXG in exchanges like Bitso. Try Bitso, register now and download our app, available for Android and iOS. Come to Bitso, where you can buy PAXG and more than 40 crypto assets easily, quickly and securely. If you need help, our support team is available to you 24x7.