Paxos Gold token PAXG market cap surpasses $1 billion, reaching a new all-time high
Jinse Finance reported that as the spot gold price has recently continued to reach new highs, the market value of Paxos' gold-backed token PAXG has also been rising. According to Coingecko data at the time of writing, it has surpassed $1 billion, reaching $1,048,084,991 and setting a new all-time high. PAX Gold (PAXG) is a digital currency issued by Paxos and pegged to gold, with each PAXG backed by one ounce of gold. The current circulating supply is 287,81 tokens.
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