What is PAXG?
PAXG (Pax Gold) is an ERC-20 token issued by Paxos Trust Company. Each PAXG represents ownership of one fine troy ounce of allocated London Good Delivery gold, subject to Paxos terms. Its market value follows the price of gold and can fluctuate; PAXG is not a fixed-price stablecoin.
Who issues and regulates PAXG?
Paxos Trust Company issues PAXG and operates independently of AYNI. AYNI’s website identifies Paxos as regulated by the New York State Department of Financial Services.
Where is the backing gold held?
Paxos states that the allocated gold is held in professional vault facilities. Custody, allocation, redemption, fees, eligibility, and minimums are governed by Paxos documentation, not by AYNI.
How can PAXG backing be verified?
PAXG transfers are recorded on Ethereum. Paxos also provides token-to-gold allocation information and publishes attestations or reserve information under its own policies. A blockchain transaction alone does not prove the vault holding; both on-chain records and issuer documentation matter.
Can AYNI be redeemed for physical gold?
No. AYNI is not redeemable for physical gold. A user who receives PAXG may be able to redeem it through Paxos or supported channels, subject to Paxos eligibility, minimums, fees, and terms.
Why does AYNI use PAXG for eligible rewards?
PAXG provides an on-chain unit denominated in allocated gold, making eligible rewards transferable and independently verifiable on Ethereum. Its USD value still changes with the gold market, and its use does not guarantee reward value, liquidity, or stability.