Stablecoin event
Paxos launches PAX Gold
Paxos launched PAXG as an Ethereum token representing one fine troy ounce of London Good Delivery gold held in professional London vaults and redeemable through Paxos subject to terms.
ImpactHigh
Detail kindReserve Change
Sources2
Pax Gold
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Paxos
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| Date | 2019-09-05 |
|---|---|
| Event type | Launch |
| Event detail kind | Reserve Change |
| Stablecoin subjects | Pax Gold |
| Organization subjects | Paxos |
| Impact | High |
| Effect on stablecoin status | Active |
| Recovery / reversal | Not applicable / unresolved |
| Recovery date | — |
| Cause or mechanism | PAXG tokenized-gold launch. |
| Record confidence | High |
| Reserve-change summary | PAXG tokenized-gold launch. |
|---|
| Source | Publisher | Type | Evidence scope |
|---|---|---|---|
| Paxos Launches PAX Gold | Paxos | Issuer Statement | Paxg Launch Issuer and One Ounce Gold Design |
| PAX Gold Whitepaper | Paxos | Whitepaper | Paxg Token Contract Gold Ownership and Redemption Design |
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