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Gold Tokens Take Off as Inflation Accelerates, Bitcoin Retreats

 11 days ago

Cover picture for the articleIn particular, pax gold (PAXG), a token launched in September 2019 by the New York-based stablecoin issuer Paxos under the Ethereum blockchain’s ERC-20 standard, has seen steep growth in recent months. Its market capitalization has surpassed that of tether gold (XAUT), another gold-backed cryptocurrency from Tether, the dominant stablecoin issuer.