PAXG
$3,291.05

PAX Gold (PAXG) Price

$3,291.05
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PAX Gold (PAXG) Price Today

The live price of PAX Gold is $3,291.05 USD. In the past 24 hours, the trading volume of PAX Gold was $26.2M USD, with a change of -0.15%. The current live price of PAX Gold has changed by 0% from its 7-day high of $- USD and by 0% from its 7-day low of $- USD. With a circulating supply of $274,572.21 PAXG, the market cap of PAX Gold is currently $905.1M USD, marking a +71.56% change in the last 24 hours. PAX Gold currently ranks 74 by market capitalization.

PAX Gold (PAXG) Market Data

Market Cap
$903.6M
24h Volume
$26.2M
Circulating Supply
274.5K PAXG
Maximum Supply
--
Fully Diluted Market Cap
$903.6M
Liquidity Indicator
2.91%
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About PAX Gold (PAXG)


What Is Pax Gold (PAXG) and How Does It Work?


Pax Gold (PAXG) is a gold-backed stablecoin issued by Paxos Trust Company, where each token represents one fine troy ounce of a real, physical gold bar stored in LBMA-certified vaults, such as Brink’s in London. It's built on the Ethereum blockchain as an ERC-20 token, making it easily tradable, divisible, and compatible with most crypto wallets and DeFi platforms.

PAXG works by combining the security and tangibility of physical gold with the speed and flexibility of digital assets. When you purchase PAXG, you essentially own tokenized gold that can be redeemed for actual gold bars (with a minimum of 430 PAXG), unallocated gold, or USD. Paxos provides full transparency through monthly attestation reports and offers a regulated, secure bridge between traditional gold markets and crypto trading platforms.

How Is Pax Gold Stablecoin Backed and Audited?


Pax Gold (PAXG) is fully backed by physical gold on a 1:1 basis. Each PAXG token represents one fine troy ounce of a London Good Delivery gold bar, stored securely in LBMA-approved vaults, primarily operated by trusted custodians like Brink’s in London.

Paxos Trust Company, the regulated issuer of PAXG, ensures full asset backing by holding an equivalent amount of physical gold for every token in circulation. To maintain transparency and user trust, Paxos publishes monthly attestation reports conducted by third-party auditing firms. These reports verify that the total supply of PAXG always matches the amount of gold held in custody.

Who Created Pax Gold and When Was It Launched?


Pax Gold (PAXG) was created by Paxos Trust Company, a New York–chartered financial institution. Paxos was founded in 2012 by Charles Cascarilla, Rich Teo, and Emil Woods, originally operating the itBit Bitcoin exchange before rebranding. PAXG was officially launched on September 5, 2019, following regulatory approval from the New York State Department of Financial Services (NYDFS).

Paxos initially gained regulatory footing with its USD‑pegged Paxos Standard, later Pax Dollar, in 2018, marking one of the first NYDFS-approved stablecoins. PAXG extended this model to physical gold. Each token corresponds to one fine troy ounce of LBMA-standard gold securely stored in professional vaults like Brink’s in London. Designed to democratize gold ownership, PAXG enables fractional investment and blockchain-backed transferability while maintaining 1:1 physical backing.

While Paxos hasn’t publicized a detailed PAXG roadmap, several notable achievements and ecosystem developments have occurred:

1. Regulatory Progress:
• 2015: NYDFS granted Paxos a Limited Purpose Trust Charter.
• 2018: Approval of its dollar-backed stablecoin.
• 2019: NYDFS approved PAXG issuance.

2. Ecosystem Growth (2022–2025):
• Partnerships across Latin America (Mercado Libre, Nubank, PicPay) and Singapore, expanding global reach.
• PAXG and other tokenized assets drove record on-chain gold trading volume, touching $236 million in just two weeks during June 2025 amid geopolitical tensions.
• In May–June 2025, integrations such as DeFi-native funds (QuantAMM’s Safe Haven BTF) and trading access for New York residents via Coinbase strengthened utility.

What Is PAXG Stablecoin Used for?


PAX Gold (PAXG) is a gold-backed digital asset that bridges traditional bullion markets and blockchain efficiency. Here's how it's used:

1. Own physical gold with crypto ease: Each PAXG token is backed 1:1 by a fine troy ounce of LBMA-accredited gold stored in secure vaults, allowing fast, fractional ownership without dealing with storage or logistics.

2. Collateral in DeFi: Use PAXG as a stable, gold-backed asset to borrow, stake, or earn yield across DeFi platforms, blending traditional value with decentralized finance.

3. Digital gold trading: Trade PAXG like any other cryptocurrency, such as spot, futures, or peer-to-peer, on major exchanges, enjoying real-time liquidity tied to gold prices.

4. Cross-border remittances & payments: Move gold-backed value globally in minutes via blockchain, serving as a safe-haven alternative or remittance option in unstable currency regions.

5. Instinctive hedge against economic uncertainty: During inflation or geopolitical stress, investors flock to PAXG as a digital alternative to traditional gold, offering stability with crypto efficiency.

6. Fractional ownership & transparent verifyability: Only need 0.01 oz? No problem. Every token is fully traceable via Paxos’s gold allocation tool, which shows the specific vault bar linked to your holding.

On BingX, it’s seamlessly accessible via the PAXG/USDT spot market with live pricing, low fees, and advanced order options.

What Is Pax Gold Tokenomics?


Pax Gold (PAXG) is a gold-backed ERC-20 token designed to represent real, physical gold on the Ethereum blockchain. Each PAXG token is fully backed by one fine troy ounce of London Good Delivery gold stored in LBMA-certified vaults, such as Brink’s in London. Paxos, the regulated issuer of PAXG, mints or burns tokens based on user demand, ensuring that the token supply always matches the amount of physical gold held in custody. There is no fixed maximum supply. PAXG is created only when new gold is deposited with Paxos and redeemed when users exchange tokens back for gold or fiat.

The token’s economics are built for transparency and ease of access. Paxos charges a small fee for issuance and redemption (around 0.03–0.05%), along with a 0.02% on-chain transaction fee, which also covers gold storage. Token holders can verify the specific gold bars backing their PAXG using Paxos’s gold bar lookup tool. With its strong regulatory framework, monthly third-party audits, and compatibility with DeFi platforms, PAXG offers a seamless way to trade, hold, or use gold as collateral in the digital world.

What Blockchain Network(s) Is Pax Gold Issued on?


Pax Gold (PAXG) is primarily issued as an ERC‑20 token on the Ethereum blockchain, ensuring compatibility with virtually all Ethereum-compatible wallets, DeFi protocols, and trading platforms. Moreover, Paxos has expanded PAXG onto several other major chains, including Binance Smart Chain (BSC), Solana, and Polygon, to enhance accessibility, reduce transaction costs, and support cross-chain DeFi applications. This multi‑chain deployment ensures that PAXG holders can choose their preferred network based on considerations like gas fees, speed, and ecosystem features, while still maintaining the full 1:1 gold backing and regulatory compliance across all supported blockchains.

Why Use Digital Gold Like PAXG Over Physical Gold?


Digital gold like Pax Gold (PAXG) offers the benefits of physical gold ownership without the traditional barriers. With PAXG, you can buy, sell, and transfer fractional amounts of gold instantly on the blockchain, eliminating the need for secure storage, insurance, or physical transportation. It provides 24/7 liquidity through global crypto exchanges and integrates seamlessly with DeFi platforms, enabling you to use gold as collateral, earn yield, or participate in decentralized lending.

Unlike physical gold, which often requires large minimum investments and is difficult to move or divide, PAXG allows users to hold as little as 0.01 troy ounces. The token is fully backed by LBMA-certified gold stored in secure vaults and audited monthly, giving users confidence in its value. This combination of transparency, accessibility, and blockchain efficiency makes PAXG a practical alternative for investors seeking the stability of gold with the flexibility of digital assets.

How to Store PAXG Tokens Securely


Keeping your PAXG on the BingX platform is simple and secure for everyday use. BingX provides a professionally managed custodial wallet, complete with built-in hot wallet infrastructure, insurance protections, and real-time access for trading. It’s ideal if you plan to buy, sell, or monitor your PAXG frequently, no private key management required, and you gain the convenience of deposit/withdrawal functionality within a regulated exchange environment.

For users who prefer full control and self-custody, storing PAXG in an Ethereum-compatible wallet like MetaMask, Trust Wallet, or a Ledger hardware wallet is a secure option. Hot wallets offer fast access and seamless integration with DeFi platforms, while cold storage solutions like Ledger or Trezor keep your private keys offline for maximum security, ideal for long-term holding. In either case, it’s crucial to securely back up your seed phrase and never share it. With non-custodial wallets, only you can access your gold-backed tokens, ensuring complete ownership and privacy.

Is Pax Gold (PAXG) a Good Investment?


Digital gold like Pax Gold (PAXG) stands out as a compelling investment due to its unique blend of traditional value and modern efficiency. Unlike physical bullion, PAXG offers instant, on-chain settlement with zero storage fees and minimal transaction costs, all while providing the convenience of fractional ownership, starting from just 0.01 ounces, which democratizes access to high-quality, LBMA-certified gold. With full regulatory oversight from NYDFS and monthly third-party custodial audits, investors gain confidence in the asset’s transparency and reliability, unlike ETFs that can carry ongoing management fees or IOUs.

PAXG also enhances portfolio diversification and serves as a robust hedge against market volatility and inflation. Empirical data shows that gold-backed tokens like PAXG often exhibit low or negative correlation with equities and even Bitcoin, helping smooth returns during economic turbulence. Since it can be redeemed directly for physical gold and traded globally 24/7, PAXG marries the security of asset-backed value with the liquidity and flexibility of cryptocurrencies, appealing to both traditional and digital-native investors.

Information source

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PAX Gold (PAXG) Price Converter

PAXG to USD
1 PAXG = $ 3,292.10
PAXG to VND
1 PAXG = ₫ 85,907,450.85
PAXG to EUR
1 PAXG = € 2,808.82
PAXG to TWD
1 PAXG = NT$ 95,810.09
PAXG to IDR
1 PAXG = Rp 53,438,173.16
PAXG to PLN
1 PAXG = zł 11,913.07
PAXG to UZS
1 PAXG = so'm 41,480,508.93
PAXG to JPY
1 PAXG = ￥ 476,219.28
PAXG to RUB
1 PAXG = ₽ 258,411.84
PAXG to TRY
1 PAXG = ₺ 131,386.54
PAXG to THB
1 PAXG = ฿ 106,788.01
PAXG to UAH
1 PAXG = ₴ 137,202.57
PAXG to SAR
1 PAXG = ر.س 12,347.03
PAX Gold Price Converter

How to Buy PAX Gold (PAXG)

Create & Verify Your Account
Create a free BingX account using your email or phone number, set a strong password, and complete identity verification (KYC) by submitting your personal details and a valid photo ID.
Fund Your Account
Choose a payment method—bank account, card, or more—to deposit funds into your BingX account.
Trade Now
Now that your account is funded, you can seamlessly trade PAX Gold PAXG and other cryptocurrencies while exploring BingX’s diverse trading features!
How to Buy PAXG Guide

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Disclaimer:
Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.
By accessing and using this platform, you agree to comply with our Terms of Use.
Trading cryptocurrencies and other financial instruments involves risks, including the potential for loss of funds. You should never trade more than you can afford to lose. Please be aware of the risks involved and seek independent financial advice if necessary.
For more detailed information, please refer to our Risk Disclosure Statement.

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Disclaimer:
Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.
By accessing and using this platform, you agree to comply with our Terms of Use.
Trading cryptocurrencies and other financial instruments involves risks, including the potential for loss of funds. You should never trade more than you can afford to lose. Please be aware of the risks involved and seek independent financial advice if necessary.
For more detailed information, please refer to our Risk Disclosure Statement.