Crypto Exchange Coinbase Adds Gold-Pegged Stablecoin PAXG to Listing Roadmap
Coinbase, the largest crypto exchange in the US, has announced the possibility of listing a gold-pegged stablecoin.
In a new post on the social media platform X, Coinbase says it’s added PAX Gold (PAXG) to its listing roadmap.
A placement on Coinbase’s roadmap doesn’t guarantee a future listing, but it announces the potential for it to be listed in order to promote transparency and prevent possible insider trading.
PAX Gold is an Ethereum (ETH)-based token backed by physical gold and issued by blockchain infrastructure platform Paxos.
Says the project,
“PAXG offers investors a cost-effective way to own investment-grade physical gold with all the benefits of the blockchain. Each Pax Gold (PAXG) token is backed by one…
