Paxos: Gold-Anchored Stablecoin PAXG Reaches Record High Market Cap of $500 Million
Bitget2024/09/26 07:37
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.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$83,881.43
-2.71%
Ethereum
ETH
$1,972.09
-2.38%
Tether USDt
USDT
$0.9991
-0.04%
XRP
XRP
$2.4
-4.05%
BNB
BNB
$629.29
+1.14%
Solana
SOL
$128.31
-4.46%
USDC
USDC
$0.9996
+0.02%
Cardano
ADA
$0.7103
-3.43%
Dogecoin
DOGE
$0.1678
-4.65%
TRON
TRX
$0.2336
+1.22%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now