What could affect the price of PAXG?
The price of PAX Gold (PAXG) depends largely on gold’s reputation as a safe investment and how widely cryptocurrency is adopted.
- Gold price changes – Economic uncertainty boosts interest in digital gold tokens.
- Growth in real-world asset (RWA) tokenization – More institutional use could increase PAXG’s value.
- Clear regulations – Oversight by New York’s financial regulator builds trust but also brings more scrutiny.
Deep Dive
1. Economic Demand for Gold (Positive for PAXG)
Overview: PAXG’s value is directly linked to the price of physical gold. In August 2025, gold prices hit record highs due to U.S. tariffs on imported gold bars and efforts by BRICS countries to reduce reliance on the U.S. dollar. Gold is often seen as a safe investment during inflation and geopolitical tensions, like conflicts in the Middle East, which could keep PAXG’s price strong.
What this means: When gold prices rise, PAXG’s minimum value usually goes up too, since each token represents one ounce of gold certified by the London Bullion Market Association (LBMA). However, sudden changes in gold futures prices, such as when tariffs were lifted in 2025, can cause short-term price swings.
2. Competition in Tokenized Gold (Mixed Effects)
Overview: In August 2025, Tether’s tokenized gold, XAUT, surpassed PAXG in market size, with XAUT’s supply increasing by 20% in just one day. Although PAXG still has a user base seven times larger than XAUT’s, the gap is closing.
What this means: PAXG benefits from regulation by the New York Department of Financial Services (NYDFS) and the ability to redeem tokens for physical gold bars, which sets it apart. However, XAUT’s rapid token creation and integration with decentralized finance (DeFi) platforms like Aave and Curve pose a challenge. PAXG’s slower growth in token holders compared to XAUT in 2025 highlights competitive risks.
3. Adoption of Real-World Asset (RWA) Tokens (Positive for PAXG)
Overview: The market for tokenized real-world assets reached $26 billion by mid-2025. PAXG was recognized as a leading protocol by CertiK. Trading volume for tokenized gold hit $19 billion in the second quarter of 2025, surpassing traditional gold exchange-traded funds (ETFs), according to CEX.io.
What this means: Institutional investors, such as BlackRock’s BUIDL fund, are increasingly interested in blockchain-based gold for uses like settlements and collateral. To compete with traditional ETFs, PAXG needs to improve liquidity on blockchain platforms.
Conclusion
PAXG’s price will likely follow gold’s overall market trends but will also face challenges from competitors and changing regulations. Keep an eye on the gold-to-Bitcoin correlation—if tariffs or interest rate cuts spark a gold price rally, PAXG could perform well. However, competition from DeFi platforms remains uncertain. The key question is whether PAXG’s pace of institutional adoption can keep up with XAUT’s rapid growth.
What are people saying about PAXG?
PAX Gold (PAXG) is gaining attention as traders weigh gold’s traditional stability against the ups and downs of cryptocurrency. Here’s what’s happening now:
- Technical traders are targeting prices above $3,350 after a period of steady trading
- More institutions are adopting PAXG, with new listings like WOO X and connections to decentralized finance (DeFi) platforms
- Competition with Tether’s XAUT token is increasing as demand for tokenized gold grows
Deep Dive
1. Market Analyst @CryptoChartist Sees PAXG Gaining Strength
“PAXG is slowly recovering after bouncing from $3,332 support… Holding $3,336 key for upside”
– @CryptoChartist (12.3K followers · 48K impressions · July 30, 2025)
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What this means: Traders are optimistic about PAXG because it’s holding important price levels between $3,330 and $3,350. If momentum continues, short-term price increases are expected.
2. Exchange Bitso Adds PAXG, Boosting Institutional Confidence
“PAXG now available on Bitso with 0.02% transfer fees – no storage costs for holders”
– @Bitso (89K followers · 210K impressions · April 14, 2025)
View announcement
What this means: This is a positive sign because more exchanges offering PAXG means easier access and better liquidity. However, daily trading volume for PAXG ($38.5 million) is still lower than Tether’s XAUT ($67.9 million).
3. Analyst @DefiIgnas Highlights Challenges for Gold-Backed Stablecoins
“PAXG/XAUT liquidity improving but still 0.76% slippage on $1M trades… No yield vs fiat stables”
– @DefiIgnas (31K followers · 155K impressions · June 18, 2025)
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What this means: There are some downsides. Trading large amounts of PAXG can be costly due to slippage (price changes during trades), and unlike some stablecoins backed by traditional currencies, PAXG doesn’t offer interest or yield. Still, its price has risen about 10.93% over the past 30 days, outperforming many stablecoins.
Conclusion
Opinions on PAXG are mixed. It benefits from gold’s reputation as a safe investment, but it also faces challenges common in the crypto world, like competition from other tokenized gold options such as XAUT and the lack of yield. Technical traders are eyeing price targets between $3,480 and $3,525, and institutional interest is growing. Keep an eye on physical gold prices, which currently stand around $3,687 per ounce, as they often influence PAXG’s value.
What is the latest news about PAXG?
PAX Gold (PAXG) is leading the way in the growing market for real-world assets (RWA) on the blockchain, while facing increasing competition from Tether’s gold token, XAUT. Here’s the latest update:
- RWA Leadership (August 21, 2025) – PAXG is ranked among the top protocols in CertiK’s $26 billion RWA market report.
- Market Cap Growth (September 2, 2025) – The total value of tokenized gold reached $2.57 billion, with PAXG trading near record prices.
- Rising Competition (August 11, 2025) – Tether’s XAUT overtook PAXG in market cap, but PAXG still has a much larger user base.
In-Depth Look
1. RWA Leadership (August 21, 2025)
Summary: CertiK’s mid-2025 report on real-world assets highlights PAXG as one of the top five protocols in the $26 billion tokenized asset market. It stands alongside competitors like Tether Gold and BlackRock’s BUIDL. The report praises PAXG for following legal rules, having transparent audits, and offering strong security suitable for institutions.
Why it matters: Being recognized in this way shows that PAXG is a trusted standard for assets backed by real collateral. This boosts confidence as more people look to gold-backed tokens for both decentralized finance (DeFi) and traditional finance (TradFi) uses. (Phemex)
2. Market Cap Growth (September 2, 2025)
Summary: According to CoinGecko, the total market value of tokenized gold hit $2.57 billion. This growth is driven by global political uncertainties and gold’s strong 40% price increase over the past year. PAXG’s price stayed close to its all-time high of about $3,687. BRICS countries are also increasing their gold reserves, adding to demand.
Why it matters: Economic uncertainty and moves away from the U.S. dollar are making PAXG attractive as a digital safe haven. However, its price still closely follows the ups and downs of physical gold. (XT Blog)
3. Rising Competition (August 11, 2025)
Summary: Tether’s gold token, XAUT, recently surpassed PAXG in market capitalization after issuing $437 million worth of tokens on August 8. Despite this, PAXG has about seven times more users, with its number of holders growing 29% in 2025 compared to XAUT’s 173%.
Why it matters: XAUT’s fast growth shows increasing competition in the gold token space. Still, PAXG benefits from strong liquidity and clear regulatory oversight, including supervision by the New York Department of Financial Services (NYDFS), which helps protect its market position. (CoinMarketCap)
Conclusion
PAX Gold (PAXG) continues to be a key player in the tokenized real-world asset market, supported by gold’s strong global demand and trust from institutions. However, competition from fast-growing rivals like Tether’s XAUT is heating up. The question remains whether PAXG’s regulatory advantages and deeper connections with DeFi platforms will help it stay ahead.
What is expected in the development of PAXG?
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What updates are there in the PAXG code base?
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