PAX Gold (PAXG) is a cryptocurrency token backed by physical gold stored in Brink's vaults, providing investors an accessible and stable way to gain exposure to gold. PAXG, built on Ethereum, ensures transparency and secure transactions through smart contracts. It can be traded on various exchanges like any other cryptocurrency. As a regulated financial institution, Paxos provides reassurance regarding the legitimacy of PAXG, attracting investors looking to diversify and hedge against market volatility with gold, a safe haven asset.
The Canadian Dollar (CAD) is the official currency of Canada, issued by the Bank of Canada (BoC). As a commodity-driven currency, CAD is influenced by oil and natural resource exports. The CAD is frequently used in North American crypto markets, with CAD-backed stablecoins offering a way to transact digitally in Canadian dollars.
The PAXG to CAD conversion rate is the amount of CAD you can receive for each unit of PAXG.
Based on the current rate, you could buy 0.0001768 PAXG for 1 CAD.
The price of PAXG decreased by 1.91% in the last 7 days.
The circulating supply of PAXG is 441,931.
PAXG's all-time high is 7,597.22 CAD.