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Paxos Releases Transparency Report for Pax Gold Digital Currency

05/02 01:24

According to Foresight News, Paxos has released a transparency report for its gold-pegged digital currency, Pax Gold (PAXG), as of December 2023. The unaudited financial data disclosed in the report shows that as of 5:00 PM Eastern Time on December 29, there were 216,430.378 PAXG tokens issued, with a gold reserve of 216,430.378 troy ounces. The report aims to provide transparency and trust in the PAXG digital currency, which is backed by physical gold reserves. This information is crucial for investors and users of the digital currency, as it ensures that the value of the tokens is supported by an equivalent amount of gold.

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