Pax Gold (PAXG)

Stablecoins have become an essential link in the crypto-asset ecosystem.
They offer stability in the face of the volatility often encountered with digital assets such as Bitcoin or Ethereum.
Traditionally, stablecoins are backed by fiat currencies such as the US dollar or the euro.
However, the arrival of stablecoins based on gold reserves, such as PAX Gold (PAXG), marks a major innovation.
In this article, we explore the financial benefits of basing a token on gold reserves.

Paxos was co-founded by Charles Cascarilla and Rich Teo.
Charles Cascarilla, who is also the CEO of Paxos, has extensive experience in the financial sector, having worked as a partner at Goldman Sachs and other financial institutions before embarking on blockchain entrepreneurship.
Rich Teo, who also has considerable experience in the financial field, assumed key roles in the company before moving on to other projects.
Paxos has attracted the attention of several renowned investors over the years.
Financing rounds have seen the participation of investors such as RRE Ventures, Liberty City Ventures, and Morningside Group.
The company has also successfully raised significant funds in successive rounds of financing, helping to strengthen its position in the blockchain and crypto space.
The company continues to innovate with products like PAX Gold that enable the tokenization of physical assets, demonstrating the value of blockchain in modernizing traditional financial markets.
Paxos offers a variety of products and services aimed at modernizing finance using blockchain technology.
Here are some of the products and services offered by Paxos in addition to PAX Gold: – Paxos Standard is a stablecoin backed by the US dollar.
Each PAX token is exchangeable for one US dollar, offering price stability in the crypto-currency ecosystem.
– Paxos Settlement Service: a service that uses blockchain technology to automate and modernize the settlement process for securities transactions.
– Token Management Service: a service that enables companies to tokenize, manage and trade assets using blockchain.
– PyUSD: A resounding partnership in the crypto industry, PyUSD is a new stablecoin built to run on the Paypal platform and enable payments between customers easily and quickly.
Paxos has completed several rounds of financing to accelerate its development and expand its product offering.
For example, in April 2021, the company raised $300 million in a Series D funding round, valuing the company at $2.4 billion.

Each PAXG token is backed by one troy ounce (31g) of physical gold stored in a secure vault in London.
The underlying gold is fully allocated, meaning that there is a specific piece of gold associated with each token.
Users can buy and sell PAXG tokens via the Paxos platform or other crypto-asset exchange platforms that list PAXG.
Buying PAXG therefore gives investors exposure to gold while benefiting from the liquidity and transferability of blockchain.
Unlike physical gold, which can be difficult to split, PAXG can be split up to 18 decimal places, allowing great flexibility in terms of holding and transfer.
Of course, the price of PAXG is identical to that of physical gold on the markets.
As with other companies offering stablecoins, Paxos offers regular third-party audits to ensure transparency and confidence in the system.
One of the trusted auditors mentioned by Paxos is Withum, a well-established auditing and consulting firm.
Withum carries out monthly audits to verify that PAX Gold tokens in circulation are backed by physical gold stored in secure vaults.
Monthly audit reports are generally published on the Paxos website, enabling PAX Gold holders and the general public to verify the gold reserve backing PAX Gold tokens.
In addition, token holders can check the underlying gold in real time via the Paxos website.
PAXG holders can choose to redeem their tokens for physical gold.
The redemption procedure is detailed on the Paxos website, and fees may apply, notably for the transportation of the gold.
PAX Gold represents an innovative fusion between the traditional world of physical assets and the technological modernity of blockchain.
By offering a token backed by physical gold, Paxos gives investors access to gold, an asset renowned for its safe-haven value, while enjoying the undeniable advantages of blockchain in terms of transferability, divisibility, and transparency.
Regulatory compliance efforts and regular auditing by independent third parties reinforce investor confidence in the PAX Gold product and position Paxos as a serious player in the real-asset-backed digital asset space.
With the support of strong financial partners and a dedicated team, Paxos continues to pave the way for further integration of blockchain technologies into the traditional financial sector.
PAX Gold is not only an innovative product, but also an indicator of the potential of blockchain to create new forms of assets, open up access to investments, and transform the global financial landscape.

In an increasingly digital world, the emergence of new forms of assets is becoming commonplace.
Among them, PAX Gold(Pax Gold price) stands out as a bridge between physical gold and the digital world.
It is a token based on the Ethereum blockchain that represents a share of physical gold held in a secure vault.

• Backed by physical gold: Each PAXG token is backed by an ounce of physical gold held in vaults, usually in London.
  This means that the value of PAXG is directly linked to the price of gold.
• Issuance of tokens: PAXG tokens are issued by Paxos Trust Company, a regulated financial company in the United States.
  Paxos creates new PAXG tokens when users purchase PAXG, and these tokens are then destroyed if users choose to exchange them for physical gold or other assets.
• Reserve and Transparency: Paxos publishes regular audit reports to ensure that every PAXG token is backed by an ounce of physical gold.
  These audits are carried out by third parties to ensure transparency and trust.
• Total supply: PAXG’s total supply is variable and depends on user demand.
  Since each token is backed by an ounce of gold, the supply increases or decreases according to holders’ purchases or exchanges of physical gold.
• Token usage: PAXG is mainly used by investors who want exposure to gold without the inconvenience of physically owning gold.
  It can be used for trading, as a store of value, or to transfer gold quickly and cheaply via the blockchain.
• Associated fees: Paxos charges a small fee for issuing and destroying PAXG tokens, as well as a custody fee to maintain the physical gold reserve.
  In addition, standard Ethereum blockchain transaction fees apply when transferring PAXG.

1. Partnerships with financial platforms and exchanges:
   • Paxos, PAXG’s issuer, has already established partnerships with platforms such as Binance and Coinbase to list Pax Gold.
     In the future, they plan to extend these partnerships to other major exchanges and trading platforms to increase PAXG’s availability and liquidity.
   • Discussions are also underway to integrate PAXG into traditional financial services, giving institutional investors easier access to digital gold via conventional financial channels.
2. Integration into DeFi protocols:
   • PAXG is already used in DeFi protocols such as Aave and Compound for lending and borrowing.
     Paxos plans to partner with more DeFi protocols to integrate PAXG into platforms like MakerDAO, enabling users to generate DAI by depositing PAXG as collateral.
   • The development of liquidity pools on DeFi platforms such as Uniswap and SushiSwap is also planned, which would increase trading options for PAXG holders.
3. Regulatory expansion and compliance:
   • Paxos is working on obtaining licenses in new jurisdictions, such as the European Union and Asia, to enable wider adoption of PAXG.
     They also plan to publish monthly audit reports to enhance transparency on the gold reserves backing each PAXG.
   • In 2024, Paxos plans to work with regulators to develop standards for the tokenization of physical assets, which could include public consultations and the publication of white papers on the subject.
4. Increased liquidity:
   • Paxos plans to launch initiatives to improve PAXG’s liquidity, including working with market makers to support large-scale trading on platforms such as FTX and Kraken.
   • There are also plans to list PAXG on traditional stock exchanges, via products such as ETPs (Exchange Traded Products), which would enable investors to buy PAXG shares directly on exchanges such as the NYSE or NASDAQ.
5. Development of new functionalities:
   • Paxos is exploring the possibility of introducing staking services for PAXG, enabling holders to earn returns by participating in securing the network or lending their tokens.
   • Discussions are underway to enable PAXG holders to use their tokens in payment applications, via collaborations with fintechs and payment solutions such as PayPal and Stripe.

1. Go to your Coinhouse application and log in to your personal space or create your account.
2. Go to the buy/sell section.
3. Select the amount you wish to invest, and the currency of your choice (in this case PAXG).
   You can exchange USDT or USDC(buy USDC online) for PAXG tokens.
4. Once your transaction has been validated, you ‘ll find your PAXGs in your portfolio.

Coinhouse expresses a favorable opinion of Pax Gold (PAXG).
Indeed, this crypto-asset represents an interesting investment as it combines the accessibility and liquidity of crypto-currencies with the stability of gold, an asset historically recognized for its value.
Each PAXG token is backed by a share in an ounce of physical gold, offering tangible exposure to gold without the costs and complications associated with its physical ownership.
This allows investors to benefit from the reduced volatility and portfolio diversification that gold can bring, while enjoying the transparency and security of a blockchain.