what's paxos?
Paxos is a regulated blockchain infrastructure provider that issues PAX Gold (PAXG), a cryptocurrency token backed by physical gold stored in LBMA-accredited vaults. Each PAXG token represents one fine troy ounce of gold, enabling users to own and trade gold digitally with transparency and low costs. The platform is overseen by the New York State Department of Financial Services, with monthly audits ensuring the gold reserves match the circulating supply. PAXG offers advantages over traditional gold investments, including fractional ownership, easy transferability on blockchain, and no storage fees for holders. It integrates with major crypto exchanges and wallets for seamless trading and redemption options.
Paxos raised $12M funding and will list on Bitget as prePAX on April 18.
contract
ethereum
Raised $12 million in a funding round led by Blockchain Capital with Maelstrom.
Listed on Bitget as prePAX on 2026-04-18
Integrated with Backpack exchange to offer up to 30% APY on PAXG tokens, with yield rates tied to trading volume while collateral remains active.
Added to Binance's Proof of Reserves system in April 2026, becoming one of 49 cryptocurrencies included in their reserve verification mechanism.
PAXG perpetual futures on Binance reached $270 million in daily volume on April 1, 2026.
Joined Better Money's new stablecoin clearinghouse as one of the first issuers alongside Bridge, MoonPay, MetaMask, and Phantom.
Invested in RTP, a stablecoin-to-local-fiat infrastructure platform supporting 50+ countries, as part of an $8 million funding round alongside Coinbase and Solana Foundation.
PAXG listed for trading on Bitstamp by Robinhood on March 31, 2026.
PAXG token decreased 14.8% in price performance from March 1 to March 31, 2026.
Featured as an example of tokenized gold (PAXG) in a presentation on real-world asset tokenization at BlockworksDAS conference in New York City.
PAXG is listed as the top swapped token on MetaMask for the week ending March 27, 2026.
Whale address 0x24B1 withdrew 3,477 PAXG (valued at $15.68M) from OKX exchange.
Increased market cap of Paxos-issued assets from approximately $1 billion to $7.75 billion over roughly one year.
Faces competition from World Gold Council partnering with BCG to standardize tokenized gold and target the $4.9B market
PAXG achieved 30-day onchain transfer volume exceeding $4 billion.
Listed on Binance Earn's Dual Investment product offering 3.65%+ APR.
USDG has 3,088 holders, with 491 (16%) coming from Pendle integration.
Joined Mastercard Crypto Partner Program on March 11, 2026, as one of over 85 participants, to integrate stablecoins with payment rails across 210+ countries for cross-border transfers, B2B payments, and global payouts.
PAXG is tradable with up to 100x leverage on Reya exchange.
Mentioned in social media discussions comparing Tether's XAUT gold token versus Paxos' PAXG, with users highlighting PAXG's audited redemption and suitability for long-term custody.
Partnered with MoonPay and PayPal to launch PYUSDx white-label stablecoin framework for PYUSD-backed stablecoins. Launched Partner Rewards Engine for daily on-chain rewards for enterprises issuing and distributing stablecoins, and Amplify platform for onchain financial products.
Received conditional national trust bank charter from U.S. OCC, enabling 50-state operations, customer asset holding, and stablecoin issuance.
Facilitated pilot program with Aon, an $86B insurance firm, and Coinbase, settling insurance premiums using USDC and PYUSD on Solana.
A whale sold 560 PAXG for $2.9M at $5,173 per token between March 7-9, 2026.
PAXG on Ethereum is on track to become the largest tokenized asset issued by Paxos.
Reached $2.55B in TVL, representing a 14.65% increase over the previous 30-day period.
Partnered with GDN and Pendle for USDG markets, offering 8.8% via USDG LP and 5.3% fixed APY via PT-USDG, also providing additional USDG incentives for YT-USDG yield token holders on Pendle.
Crypto.com runs PAXG incentive campaign, offering $20,000 in PAXG rewards to top 2,000 users ($10 each) by net PAXG purchases and deposits, requiring minimum $50 deposits or purchases through March 18, 2026.
Processed over $1.3 billion in stablecoin transactions on Polygon across 82,000+ transactions for under $700 in total gas fees.
Deployed wstETH for institutional credit markets.
Received $272M in combined inflows by March 9, 2026, as price approaches $5,400, driven by geopolitics-linked risk-off flows and large USDC wallet buying PAXG and XAUT.
Whale address 0x6Afa sold 500 PAXG tokens worth $2.74M at an average price of $5,480 over a 6-hour period on February 28, 2026, and continues to hold 843 PAXG worth $4.55M.
Reached all-time high of $5,500 on February 28, 2026, a 4% premium over spot gold price of $5,278.
Reached all-time high market cap of $2.5B for PAXG token.
Reached all-time high market dominance of 0.111% for PAXG token.
PAXG trading volume reached $423M, representing a 1,119% increase year-over-year.
Social mentions for PAXG reached all-time high of 1,932 mentions earlier this week.
Faces OCC rules under GENIUS Act (2026-02-25/26) restricting white-label stablecoin issuance to a single brand, setting capital/reserve/liquidity standards. Analyst views as loser from CLARITY regulation due to yield distribution reliance, lacking Circle/Tether traction, reducing competitive moat.
PAXG market cap reaches $4.4B.
TVL increased by 18.1% over a 30-day period ending on 2026-02-25, with TVL above $1 billion.
PAXG perpetual futures (PAXG-PERP) are available for trading on Drift Protocol.
Partners with Stellar payment network used by banks.
Reached $37.9B in quarterly transfer volume for PYUSD on Ethereum in Q4 2025.
Partnered with Shield on Aleo for private, compliant stablecoin backing alongside Circle, integrating a wallet that encrypts balances, amounts, counterparties, and gas for private payments.
PAXG (issued by Paxos) is now available as a borrow market on Alto, allowing users to deposit and borrow against the token.
Wintermute launched OTC trading for PAXG via its desk with 24/7 liquidity against any quote asset.
Invested in Digital Asset Holdings, the parent company of Canton Network.
Paxos Trust Company issues PYUSD stablecoin for PayPal, 1:1 backed by USD deposits and treasuries, fully regulated, and integrated with PayPal and Venmo wallets as PayPal's native consumer stablecoin.
PAXG is supported by Infinit Labs' Prompt-to-DeFi platform for RWA integration into DeFi strategies.
Two newly created wallets (0x83F9 and 0xd9596) withdrew 986 PAXG tokens worth $5 million from Binance on February 11, 2026.
Wallet 0x0AcC spent 1.85 million USDC to purchase 90 PAXG tokens worth $456,000 on February 12, 2026 after 8 months of inactivity.
Partners with Aleo to launch privacy-preserving USAD stablecoin on Aleo Layer 1 mainnet, which went live.
Participated in crypto-bank negotiations on stablecoin regulation with a White House-imposed deadline of March 1, 2026 for compromise language, with Josh Rosner representing Paxos in discussions alongside representatives from major banks and crypto firms.
PAXG token contract includes freeze features (addTo/removeFromBlockList and destroyBlockedFunds functions) that allow blocking addresses and destroying their funds.
Featured in Crypto.com's 24K Gold Leaderboard promotion ending on 2026-02-11, where top 999 participants can win up to $999 in PAXG tokens.
Paxos Gold combined with Tether Gold has 5-10× lower trading volume than Hyperliquid Gold synthetic perp.
Launched PAXG/USD1 spot and margin trading on Binance on February 10, 2026.
PAXG became available for purchase with USD1 on Binance.
Controls 96.7% tokenized gold market share, recognized as one of five tokenized gold products in an onchain commodities analysis, with $2.3B market cap, $2.28B TVL, and 1.2M ounces physical gold locked as of February 17, 2026. Combined with Tether Gold (XAUT), holds above $5.5B value as of March 2026, representing 71% of the $7.76B tokenized commodities market.
Paxos is explicitly recognized as an eligible stablecoin issuer under CFTC Staff Letter 25-40, which allows futures commission merchants to accept qualifying payment stablecoins as customer margin collateral in derivatives trading.
Whale address 0x4E3c withdrew 931.33 PAXG (valued at $4.75M) from Binance on 2026-02-04.
Whale address 0xDea3 bought 732.8 PAXG (valued at $3.74M) on 2026-02-04.
PAXG supply grew 155% year-over-year, with nearly 700k oz of gold newly tokenized across PAXG and XAUt in 2025.
Hit a new daily transfer high of 36,771 transfers on January 29, 2026.
Whale wallet 0x6Afa spent $5.95M to buy 1,137 PAXG over two days ending January 28, 2026.
Whale address 0xbe4C withdrew 1,959 XAUT (worth $9.97M) from Bybit and Gate exchanges.
Whale address 0x0F67 withdrew 559 XAUT (worth $2.83M) from MEXC exchange.
PAXG is available for trading on Coinbase with 24/7 trading capability.
PAXG is trading at a 1% premium to XAUT as of 2026-01-25.
Reached $2B in total value for PAXG tokenized gold on Ethereum.
Paxos Gold (PAXG) reaches $1.85B TVL, achieving a new all-time high.
Reached all-time high monthly transfer volume of $8.4 billion for USDG stablecoin on Solana in December 2025.
Participates as an initial institutional client in Bank of New York Mellon's tokenized deposit service launch, testing real workflows like collateral management and high-value settlements alongside other major financial institutions.
PYUSD stablecoin issued by Paxos is approaching 100,000 holders.
Operates stablecoins on 5 different blockchain platforms or networks.
Nominated for "Best In Stablecoins" award at The Rollup Co awards ceremony on 2025-12-30.
The tokenized commodities market cap reaches all-time high of ~$3.8 billion, with Paxos among the leading issuers.
Market cap of issued assets surpassed $8B, up from $1B since January 2025, representing over 500% year-over-year growth.
PAXG is the second-highest swapped token on MetaMask this week.
OCC approves Paxos's conversion to national trust charter as one of five approvals, including two de novo charters (Ripple and First National) and three conversions (Fidelity, BitGo, and Paxos).
OCC grants conditional approval for Trust Bank Charter conversion to Paxos, alongside Ripple, BitGo, Fidelity, and Circle.
Received conditional OCC approval for a national trust bank charter, allowing crypto custody, stablecoin issuance, and stablecoin reserve management under federal framework.
PAXG ranks as a top gainer during today's crypto market sell-off.
PAXG (PAX Gold) lists on Grvt exchange with new trading pairs available.
Ayni Gold launches an RWA protocol that tokenizes mining capacity and distributes PAXG as rewards.
Paxos acquires New York-based DeFi wallet startup Fordefi for over $100 million, with plans to integrate Fordefi's technology into Paxos infrastructure over time.
Launches USDG0 omnichain stablecoin via LayerZero integration.
USDG0 deploys to Plume, Hyperliquid, and Aptos as the first three networks, built on LayerZero's OFT standard for cross-chain functionality.
Paxos unveils stablecoin plans involving Hyperliquid, with USDG0 set to become a quote asset on HyperCore.
PAXG reaches $94M in 24h trading volume, ranking as the 5th highest among RWA performers.
PAXG reaches $1.3B market capitalization, contributing to a $3.9B total tokenized gold market that has grown 50x since 2021.
MoonPay announces Zach Kwartler, formerly of Paxos, as new Head of Stablecoins.
PAXG ranks as the 6th fastest growing tokenized asset in the $1B+ supply category among major stablecoins and tokenized assets.
OKX PAY offers 10% annual yield on first 10,000 USDG and 5% on excess amounts with weekly payouts for Paxos-issued USDG stablecoin.
PAX received support from Believe Fund as part of a 1.8M $ZORA distribution to seven creator projects this week.
Bitcoin whale deposited 2,300 BTC, including 2,000 BTC ($137.3M) dormant for 8 years.
PAXG is now available on Backpack platform for investment.
New perpetual futures contracts launch for PAXG and ZRO with limited-time achievements campaign for traders.
PAXG App Campaign ends tomorrow, offering top 2,000 participants who purchase US$50 in CRO a share of 5 PAXG prize pool.
Ranked as one of the fastest growing Real World Assets by 30-day TVL growth percentage, with an 8.7% TVL increase over 7 days, making it the top TVL gainer.