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.
0
0
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
Bank of England cuts interest rates by 25 basis points
Bitget•2025/02/06 15:44
Trump Family Crypto Project WLFI Buys About 342,000 ONDOs
Bitget•2025/02/06 15:43
Messari Releases GEODNET 2024Q4 Report: 219% Growth in Global RTK Networks
Bitget•2025/02/06 15:41
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$97,072.56
-1.00%
Ethereum
ETH
$2,708.36
-2.12%
Tether USDt
USDT
$1
-0.02%
XRP
XRP
$2.3
-8.02%
Solana
SOL
$191.98
-5.24%
BNB
BNB
$573.55
+0.43%
USDC
USDC
$1.0000
-0.01%
Dogecoin
DOGE
$0.2496
-4.98%
Cardano
ADA
$0.7102
-6.95%
TRON
TRX
$0.2271
+0.97%
Bitget pre-market
Buy or sell coins before they are listed, including PLUME, J, and more.
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now