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 Euro (EUR) is the official currency of the Eurozone, used by 20+ countries within the European Union. Issued by the European Central Bank (ECB), it is the second-most traded currency globally after the US Dollar. EUR is commonly used in cryptocurrency trading and has inspired stablecoins like EURC and Stasis EURS, which maintain a 1:1 peg to the euro.
The PAXG to EUR conversion rate is the amount of EUR you can receive for each unit of PAXG.
Based on the current rate, you could buy 0.0002863 PAXG for 1 EUR.
The price of PAXG decreased by 2.65% in the last 7 days.
The circulating supply of PAXG is 441,931.
PAXG's all-time high is 4,688.32 EUR.