$PAXG coin, also known as PAX Gold, is a gold-backed cryptocurrency that represents one fine troy ounce of physical gold stored in LBMA-certified vaults. Its current price is $5,014.06, with a 1.40% increase today. The market cap has surpassed $2 billion, driven by institutional adoption and regulatory clarity ¹ ².

*Key Features:*

- _Gold-Backed_: Each PAXG token is backed by one troy ounce of gold

- _Regulatory Compliance_: Monthly audits and NYDFS compliance

- _DeFi Integration_: Can be used as collateral in lending and liquidity pools

- _24/7 Trading_: Tradeable on digital exchanges

PAXG is gaining traction for its transparency and regulatory compliance, making it attractive to institutional investors.

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