Coinbase, the largest crypto exchange in the US, has announced the possibility of listing a gold-pegged stablecoin.
In a new message on the social media platform X, Coinbase out It has added Pax Gold (PAXG) to the mention of the mention.
A placement on the Coinbase route map does not guarantee a future list, but it announces the potential that it is stated to promote transparency and prevent possible trade in prior knowledge.
Pax Gold is a token based on Ethereum (ETH) supported by physical gold and published by blockchain infrastructure platform Paxos.
Out The project,
“PAXG offers investors a cost -effective way to possess the physical gold of investment quality with all the advantages of the blockchain. Every pax gold (paxg) is supported by a fine troy ounce or gold, stored in lbma (london bullion market association, the possession of the possession, possession, possibly possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession, possession. In Custody by Paxos company …
The allocated gold that PAXG supports is … monthly checked. Paxos is a trust company and custodian regulated by the New York State Department of Financial Services. ”
PAXG is not the only gold -supported Stablecoin on the market.
Tether, the company behind various leading cryptocurrency stablecoins, including USDT, announced last week that it has $ 770 million in physical Goudbullion reserves that supports its Tethergold (Xaut) Stablecoin.
Xaut was launched in 2020 and is a digital active linked to the price of one ounce of physical gold.
According to a Tether Press statement, each token directly represents the ownership of gold bars that are held in secure Swiss safes.
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