Paxos: Gold-Anchored Stablecoin PAXG Reaches Record High Market Cap of $500 Million
Stablecoin issuer Paxos recently said in an X post on Sept. 26 that the market value of its gold-anchored stablecoin PAXG reached a record high of $500 million.
Each PAXG token is backed by an ounce of troy gold, which is held in the vaults of the London Gold Exchange's LBMA, Paxos said.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
ARB price reaches $1.022 per coin, up 3.01 per cent on the day
DOT Boca Coin price reaches $9.618 per coin, up 2.03% on the day
TRX boba price reached $0.2749 per coin, down -2.14% on the day
ORDI price reaches $52.8 per piece, up 3.53 per cent during the day
Trending news
MoreCrypto prices
More
