$PAXG Gold (PAXG) is a gold-backed cryptocurrency where 1 PAXG represents one fine troy ounce of physical gold stored in secure vaults. Its price mainly follows the international gold market rather than typical crypto hype, making it more stable compared to most cryptocurrencies.
Recently, demand for tokenized gold has increased due to economic uncertainty and investors looking for safer assets, helping PAXG reach new highs in 2026.
The project benefits from regulatory oversight, physical asset backing, and use in DeFi as collateral, which increases trust and adoption.