Coinbase, the largest encryption exchange in the United States, announced the possibility of listing Gold Vine Stable Coin.
Coinbase says PaxG (Pax Gold) has been added to the listed roadmap in a new post on Social Media Platform X.
If you place it on Coinbase’s roadmap, it will not guarantee the future list, but it will announce the possibility of listing to promote transparency and prevent internal trading.
PAX GOLD is a physical gold and is an Etherrium -based token issued by the blockchain infrastructure platform PAXOS.
The project says.
“PAXG provides investors with a cost -effective way of owning an investment -level physical gold with all the benefits of the blockchain. Each Pax Gold (PAXG) token is stored in London by one great Trojid stored in the London Bullion Market Association (LBMA). If you own PAXG, you own the fundamental physical gold of Paxos Trust Company.
The assigned gold that supports PAXG… Thank you monthly. PAXOS is a trust company and manager regulated by the New York State Financial Services Bureau. ”
PAXG is not the only gold -supported stabble coin in the market.
TETHER, a company of several major cryptocurrencies, including USDT, announced last week that it has $ 770 million in a physical gold bullion reservoir that sponsors TETHER GOLD (XAUT) Stablecoin.
Launched in 2020, XAUT is a digital asset fixed at a physical gold price of 1 ounce.
According to the TETHER PRESS statement, each token represents the direct ownership of the gold bar held by the security Swiss safe.
Follow us in X, Facebook and Telegram
Don’t miss the beat -Subscribe to the email notifications directly delivered to the received letter box.
Check the price measures
Sur surfing the HODL mix every day
& nbsp
Exemptions: The opinions expressed in Daily HODL are not investment advice. Investors must do live action before making high -risk investments in bitcoin, cryptocurrency or digital assets. Transfer and transactions are at their danger, and the loss that can occur is your responsibility. Daily HODL is not recommended to purchase or sell cryptocurrency or digital assets, and Daily HODL is not an investment advisor. Daily HODL participates in affiliate marketing.
Created image: Midjourney