Right now, there are two gold-backed stablecoins that rank among the top 50 cryptocurrencies in the world by market cap: Tether Gold and Pax Gold. Pax Gold is up 74% for the year, keeping pace with the skyrocketing price of physical gold. Pax Gold offers investors an easier and more cost-effective way to get exposure to the price of gold than a traditional gold ETF. As long as gold is soaring in value, Pax Gold could be a superior form of “digital gold” over Bitcoin.
Gold-Backed Stablecoins Rise as Top $500 Crypto Buy
Pax Gold and Tether Gold lead as gold-backed stablecoins, offering easy exposure to gold beyond traditional ETFs. Both coins have surged as gold prices climb, with Pax Gold up 74% this year.
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