$PAXG 📊 What PAXG Is (Short Fundamentals)

**PAXG (PAX Gold)** is a *gold-backed token* — each token is backed by one fine troy ounce of physical gold held in LBMA-approved vaults by Paxos Trust Company. It’s designed to combine *gold’s store of value* with *crypto tradability* (ERC-20). ([CoinMarketCap][1])

Unlike USDT (a fiat-pegged stablecoin), PAXG’s value *floats with the gold price*, not a fixed $1 peg — so its price in USDT reflects real-world gold movements. ([Gate.com][2])

### 📈 Recent Price Behavior (PAXG/USDT)

* 1 PAXG ≈ **~$4,990–$5,000 USDT recently**, moving with gold markets. ([CoinGecko][3])

* Over last 24 h it shows small gains, and monthly trends indicate moderate upside — *about +10-13% over the last month* (gold’s seasonal strength showing). ([Coinbase][4])

* Year-on-year performance is strong (~+40% over 12 mo), tracking gold’s longer-term appreciation. ([Coinbase][4])

### ⚖️ What This Says

**Strengths**

* *Gold exposure*: Useful for investors who want crypto tradability but want value tied to physical gold.

* *Low correlation* with typical crypto volatility compared with BTC/ETH — tends to track real-world gold.

* Active liquidity across exchanges like Binance, Gate, Kraken, Coinbase. ([CoinGecko][3])

**Risks / Things to Watch**

* Liquidity can differ across exchanges — sometimes prices on one exchange stray a bit from the true gold peg. ([Reddit][5])

* Not a pure stablecoin — price can fluctuate just like gold, so it isn’t “stable” in the fiat sense.

* Redemption for physical gold typically requires large holdings — not ideal for small investors.#PAXG #BinanceExplorers