11-06-2023, 06:30 PM
Pax gold is a cryptocurrency that is designed in a very similar way to a stablecoin, which is paired with the value of an asset, in the case of stablecoins they are pegged to the value of the dollar, in the case of Pax gold is pegged to the value of gold, the company issuing this cryptocurrency Paxos Trust, assures that Pax gold is fully backed by physical gold which is stored in its vaults in a way and that you could even exchange your Pax gold coins for real gold at their offices, would you invest in this cryptocurrency? Do you trust them?