PAX Gold
A
Paxos, the issuer of PAXG, is regulated by the NYDFS, and therefore subject to stringent guidelines and monitoring requirements..
Each PAXG token is backed by 1 fine troy ounce of LBMA-accredited Good Delivery gold stored in highly secure LBMA vaults in London.
PAXG is a convenient, cost-effective and safe alternative to other digital gold instruments. Holders have direct ownership over underlying gold reserves
PAXG is one of the safest asset-backed stablecoins. It is suitable for all types of users.
PAX Gold
Stability
Stable
Stable
The Stability factor is evaluated on the following:
1. Reserves Management - Quality, quantity, storage and segregation of reserve assets
2. Market Feedback - Indicators of market's confidence in a stablecoin derived from price and trade data
3. Mechanism - Stabilization methods that protect the stablecoin
PAX Gold
Management
Very Low Risk
Very Low Risk
The Management factor is evaluated on the following:
1. Restrictions - What deterrents exist to prevent key personnel of stablecoin projects from unethical and illegal behavior?
2. Negative Track Record - Have key personnel been involved in scams, frauds or other illegal activities?
PAX Gold
Implementation
Not Assessed
Not Assessed
This factor aims to assess risks arising from technical implementations – i.e, smart contract code and oracles. It is currently not assessed, but we plan for it to be evaluated in the future.
PAX Gold
Decentralization
High Risk
High Risk
The Decentralization factor is evaluated on the following:
1. Platform Censorship Risk
2. Custodian Risk
3. Type of Collateral
4. Diversified voting Power
5. User Censorship Risk
PAX Gold
Governance
Very Low Risk
Very Low Risk
The Governance factor for asset-backed stablecoins is evaluated on the following:
1. Holder Protection - What rules, statutes or code exist to protect interests of stablecoin holders?
2. Reserves Verification - What checks are done to ensure existence of reserves?
3. Redemptions - Do issuers have transparent and reasonable redemption terms?
PAX Gold
Externals
Not Assessed
Not Assessed
This factor seeks to incorporate external feedback mechanisms such as market and social sentiment into our internal ratings. It is currently not assessed, but we plan for it to be evaluated in the future.