$1 788
1H
-0.38%$6.82
24H
-1.11%$20.07
7D
2.35%$41.06
30D
2.56%$44.64
Paxos’ stablecoin resembles the service model provided by OneGold, which was founded by precious metals dealer APMEX and alternative asset manager Sprott. It provides clients with an option to digitally hold precious metals.
Just recently on January 13, 2020, an online marketplace for purchasing and selling gold and precious metals called OneGold, announced a partnership with BitPay.
With this move, Paxos plans to democratize the gold trading process by leveraging the power of blockchain technology. The Pax Gold (PAXG) token will make Gold mobilization absolutely easy.