PAX Gold (PAXG) is an ERC-20 stablecoin backed by physical gold, with physical reserves hosted by the Paxos Trust Company. One PAX Gold token is equivalent to one troy ounce of London Standard Delivery gold bar (a gold bar is 400 ounces). These gold bars are safely stored in vaults such as Brink. PAXG represents physical gold, and its value is directly linked to real-time gold prices.

Tokens are approved and regulated by the New York State Financial Services Authority. To ensure that the Paxos Trust holds sufficient gold reserves, third-party auditing firms conduct monthly reviews to verify that its gold reserves match the supply of tokens. These proof reports will be published on the Paxos official website.

In addition, the recent rise of PAXG mode projects has become unprecedentedly popular in the industry, and it is said that an international version will be launched soon. #PAXG