What PAX Gold is designed to do
PAX Gold (PAXG) is a fiat-backed stablecoin, currently ranked 44th by market capitalization among the assets we track. PAX Gold is a tokenized claim on reserves held by its issuer. The design goal is a stable peg, which makes the relevant questions about PAX Gold reserve quality and redemption, not upside.
PAX Gold (PAXG) is a digital asset backed by physical gold, designed to combine the stability of gold with the flexibility of blockchain technology. Each PAXG token is equivalent to one troy ounce of gold stored in professional vaults.
How the peg is meant to hold
Pegs are defended by market makers who profit from closing any gap to par. The strength of that defense comes down to whether the backing assets are liquid and the issuer is solvent.
Background & fundamentals
The project publishes a whitepaper documenting its original design, which is worth reading before sizing any position in PAXG. In sector terms it is most often filed under Ethereum (ETH) Token (ERC-20), Binance Coin (BNB) Token (BEP-20), and Solana (SOL) Token.
Where PAX Gold sits in the market
Trading around $4,010, PAX Gold carries a market capitalization of $1.17B. Around $141.90M changes hands across exchanges in a typical 24-hour window. That is a turnover of about 12.18% of the float — elevated, often a sign of narrative-driven trading.
PAX Gold carries no fixed maximum supply; issuance follows a programmatic schedule rather than a hard cap. PAXG remains -98% beneath its all-time high of $192,279, the kind of gap that historically takes a full cycle or a fresh catalyst to close. Measured from its all-time low of $1,414, PAXG is up +184%.
What the price history shows
Recent moves read 24-hour -0.27%, 7-day -2.54%, 30-day -2.83%, 1-year +31.69%. Within its 365-day range, PAXG sits around the middle (the 54th percentile of recent daily closes).
Volatility profile
Recent action puts PAX Gold in the Low-volatility band — it has been relatively stable, with moves typical of large-cap, mature assets. Over the last 30 days the move totals -2.83%, a useful input for stop placement and position sizing.
How to evaluate a stablecoin like PAX Gold
The honest checklist for PAXG is short:
- Reserve quality — what backs PAXG — cash and short Treasuries are safer than commercial paper or crypto collateral — and who attests to it.
- Redemption access — whether holders can actually redeem at par, and how quickly, under stress.
- Regulatory standing — the issuer's jurisdiction and licensing, which increasingly determines which stablecoins survive at scale.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.
