PAX Gold to Be Listed on AscendEX

AscendEX will list PAX Gold under the PAXG/USDT trading pair on April 9th. Refer to the official tweet by PAXG: 🚀 is thrilled to announce the () listing under the trading pair /USDT. Details are as follows:✅Deposit: Opened✅Trading: April 9, 10:00 AM UTC✅Withdrawal: April 10, 10:00 AM UTC👀 More Details👉🔗 Trade Now👉… PAXG InfoPAX Gold (PAXG) is an ERC-20 stablecoin anchored by physical gold reserves. Running on the Ethereum blockchain, it is managed and custodied by the Paxos Trust Company, under the regulatory oversight of the New York State Department of Financial Services. PAXG offers a digital alternative to traditional gold investments, allowing users to engage with gold assets in the decentralized finance space.Each PAXG token is representative of one troy ounce of a 400-ounce London Good Delivery gold bar, secured in renowned vaults like Brink’s. To maintain transparency and trust, third-party audits are conducted monthly to ensure the equivalence of Paxos' gold holdings and the circulating PAXG supply. The findings from these audits are openly published on Paxos’ official website. Additionally, the PAXG infrastructure undergoes regular audits to ensure the robustness and security of its smart contracts.Beyond its representational value in gold, PAXG as an ERC-20 token boasts compatibility with Ethereum wallets, DeFi platforms, and DEXs. Unlike traditional gold holdings, PAXG ownership omits the need for storage or custody fees, charging users only a minimal transaction fee and Ethereum gas costs. Each token bears a serial number linked to a specific gold bar, and this data can be accessed using the PAXG lookup tool. For flexibility, holders can convert their PAXG into fiat, other crypto assets, or even physical gold at prevailing market rates.