This Crypto Allows You To Invest in Gold

Key Points

As of October 31, popular cryptocurrencies such as Bitcoin (CRYPTO: BTCUSD) and Ethereum (CRYPTO: ETH) have experienced significant price drops throughout the month, which could spook investors more than Halloween itself. However, there’s one crypto that has been on a tear for the month, reaching all-time highs nearly every day. It’s a stablecoin, but vastly different from the common ones.

A stack of generic gold coins.

Image source: Getty Images.

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PAX Gold Reaches All-Time High For Fourth Straight Day

PAX Gold (CRYPTO: PAXG), one of the few stablecoins backed by gold, reached an all-time…

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