PAX Gold | Bluechip

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.

The Stability factor is evaluated on the following:

Reserves Management - Quality, quantity, storage and segregation of reserve assets
Market Feedback - Indicators of market's confidence in a stablecoin derived from price and trade data
Mechanism - Stabilization methods that protect the stablecoin

The Management factor is evaluated on the following:

Restrictions - What deterrents exist to prevent key personnel of stablecoin projects from unethical and illegal behavior?
Negative Track Record - Have key personnel been involved in scams, frauds or other illegal activities?

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.

The Decentralization factor is evaluated on the following:

Platform Censorship Risk
Custodian Risk
Type of Collateral
Diversified voting Power
User Censorship Risk

The Governance factor for asset-backed stablecoins is evaluated on the following:

Holder Protection - What rules, statutes or code exist to protect interests of stablecoin holders?
Reserves Verification - What checks are done to ensure existence of reserves?
Redemptions - Do issuers have transparent and reasonable redemption terms?

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.