Coinbase, the largest crypto exchange in the United States, announced the possibility of listing a stablecoin with a golden point.
In a new post on the social media platform X, Coinbase says that he added Pax Gold (Paxg) to his registration roadmap.
A placement on the Coinbase roadmap does not guarantee a future registration, but it announces the potential of the listed in order to promote transparency and prevent possible initiate trading.
Pax Gold is a token based on Ethereum (ETH) supported by physical gold and issued by the Blockchain Paxos infrastructure platform.
Said the project,
“PAXG offers investors a profitable way to have quality physical gold investment with all the advantages of the blockchain. Each PAX Gold (PAXG) token is supported by a beautiful OUC TROY OFCE GOLD, stored in LBMA (London Bullion Market Association) in London. If you have Paxg, you have the underlying physical gold, detained in the Trust Paxos Guard…
The allocated gold which supports Paxg is… audited monthly. PAXOS is a trust company and guards regulated by the New York State Financial Services Department. »»
PAXG is not the only stable gold back on the market.
TETHER, the company behind several main stables of cryptocurrency, including the USDT, announced last week that it holds $ 770 million in physical gold reserves supporting its stable stablecoin stable of Tether Gold (XAUT).
Launched in 2020, XAUT is a digital active ingredient fixed at the price of an ounce of physical gold.
According to a press statement of the attachment, each token represents the direct property of the gold bars held in guaranteed Swiss vaults.
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