What is PAXGOLD
Created by Paxos trust company
Etherum Erc 20 crypto coin
A digital asset backed by one fine troy oz of gold crypto or gold
One PAXG coin equal one oz there fore price follows gold
Holding the coin means owning the physical gold
Gold is LBMA London delivery bar
The gold is stored in Brinks vaults by Paxos trust company
Paxos creates and destroys coins peg to gold
Now has become a stable coin in crypto space
PAXGOLD has caught mt attention in the last couple of days ago by being included in the greenlist
of 10 crypto coins that banks are allowed to custody in the US.
PAXGOLD allows retailers and investors to own gold with low fees and not having to worry store it or buy it from somewhere
