PAX Gold price

If you want on-chain exposure to gold-backed stablecoins like @Paxos $PAXG or $XAUt (by @tethergold) with up to 4x leverage, there are Smart Collateral vaults on @0xfluid. + Vault owners hold an LP as collateral (PAXG-XAUt) + They can borrow up to 70% LTV (75% LLTV) + Loans are denominated in USDC, USDT, or GHO + And they can get leverage by using the Leverage recipe on Fluid (borrow, buy more collateral, deposit, borrow etc) Plus, these vaults earn trading fees in PAXG+XAUt when trades are routed through Fluid DEX for PAXG<>XAUt.

I'd be happy to store my crypto gains in Gold stables during longer-term crypto uncertainty or bear runs vs. USD stables. Especially as DXY is down by 10% since January. Last cycles it wasn't an option but now gold-backed stablecoins hit a $1.9B market cap. PAX Gold and Tether's each have ~$840M MC. Yet, their onchain liquidity is... not great not terrible.. Trading $1m USDC on Cowswap with 0.76% slippage. Still, liquidity is improving as more DeFi protocols add them as collateral: - Fluid supports both with 9.3% yield - Aave just voted to Temp check to onboard XAUt - Curve supports XAUt-PAXG LP with 2% yield But how fast can they grow? Problem: fiat backed stablecoins earn interest from U.S. Treasuries but gold has no yield. Instead, both Paxos and Tether charge a 0.25% issuing and redeeming fees (although Paxos fees depend on amounts). So profitability depends on their issuance/redemption fees. Obviously, the higher the MC of gold stables, the more transactions will happen thus higher fees are generating. And they need them to get integrated into DeFi and trading platforms. Anyone knows how much both issuers make from Gold stables? btw, fun fact: both issuers hold physical gold, not ETFs. Tether holds it in Switzerland vaults while Paxos in London.

I'm a relevant share of the funds in this (smol) vault, I've been accruing Paradex XP passively (not sure if more or less than what I'd have gotten if I traded directly though, maybe @tradeparadex can shed some light on it), and I'm up around 80% all in all, overall pretty satisfied. Second best possible choice aside from a @Damicale_s vault (that he never created, this mofo)

FT index, $TRUMP, $PAXG, $uPUMP, tokenized equities. The $HYPE edge is speed and capturing these emerging customer segments that linear organizations simply cannot.

Author: Top.one   First, the market scale and policy promotion On June 12, 2025, U.S. Treasury Secretary Bessant said at a Senate hearing that if supported by legislation, the U.S. dollar stablecoin market is expected to exceed $2 trillion by 2028, which will greatly promote the widespread use of the U.S. dollar in the global digital economy. Bson stressed that this scale is "very reasonable and has the potential to far exceed expectations". At the same time, according to the "State of the Crypto Industry" report released by Coinbase, since 2024, the interest of Fortune 500 executives in stablecoins has tripled year-on-year, and nearly 29% of the surveyed companies have planned or used stablecoins, and the main demands are focused on solving the problems of slow transaction speed and high fees of traditional payment methods. 2. Accelerate the layout of international institutions and enterprises A number of global financial giants and technology companies are actively promoting the compliance of stablecoins: Société Générale-Forge, a subsidiary of Société Générale, launched USDCV, a stablecoin pegged to the US dollar, on June 10, issued on Ethereum and Solana chains, with assets held in custody by BNY in the United Kingdom. Previously, the company had launched the euro-pegged stablecoin EURCV, focusing on the institutional market. PayPal announced that its stablecoin, PYUSD, has been connected to the Stellar network for cross-border remittances and financing, helping small and medium-sized businesses solve the problem of delayed accounts receivable and broaden real-time funding sources. Shopify has partnered with Coinbase and Stripe to support merchants to accept USDC payments based on the Base chain, consumers can pay with stablecoins in 34 countries, and merchants can choose to settle in fiat currencies, greatly simplifying the threshold of crypto payment infrastructure. Ant Digital has launched the application for a Hong Kong stablecoin license and has completed the Hong Kong regulatory sandbox pilot, positioning Hong Kong as its global headquarters, promoting the construction of digital trading scenarios based on stablecoins, and promoting the integration of industrial technology and compliance development. Hong Kong's Stablecoin Ordinance, which will come into effect on 1 August 2025, will clearly regulate the licensing of stablecoins pegged to the Hong Kong dollar, with a focus on promoting institutional compliance operations. Third, the pattern of market diversification has emerged The stablecoin camp is becoming more and more diversified, and the market capitalization ranking of mainstream USD stablecoins is as follows: USDT (Tether Limited) has a market capitalization of about $155.2 billion, which is mainly collateralized by US dollar cash and short-term US Treasury bonds; USDC (Circle) has a market capitalization of about $60.9 billion, with cash and Treasury bonds as collateral; USD1 (Trump Family WLFI Project) has a market capitalization of about $2.2 billion and is backed by short-term Treasuries; FDUSD (Hong Kong First Digital) has a market capitalization of about $1.5 billion, mainly focusing on the Asian market and high compliance; PYUSD (PayPal originated) has a market capitalization of about $1 billion, and deposits and short-term Treasury bonds are collateral. In addition, Tether and Paxos issue XAUT and PAXG, anchored to gold, respectively, representing one ounce of London gold, with a market capitalization of about $830 million and $1 billion, respectively. It is worth noting that Justin Sun, the founder of TRON, announced that the USD1 stablecoin backed by the Trump family has been officially minted on the TRON network, demonstrating the active situation of political capital in the stablecoin market. Fourth, the integration of technological innovation and DeFi On-chain asset management company Maple has reached a strategic partnership with Lido Finance, allowing institutional borrowers to borrow stablecoin credit lines with liquid staking tokens stETH as collateral to maintain exposure to staking rewards, significantly improving the liquidity and capital efficiency of the DeFi market. 5. Development path and future prospects In China, Shen Jianguang, chief economist of JD.com, and Zhu Taihui, senior research director, proposed to develop offshore RMB stablecoins, suggesting that the development of offshore RMB stablecoins should be promoted gradually, starting from Hong Kong and gradually extending to the mainland free trade zones and free trade ports, limiting institutional customers and qualified investors first, and then opening up to ordinary users, so as to help the internationalization of RMB and mitigate the risk of digital currency bridges. The global trend of stablecoin regulation is becoming increasingly clear, and compliance licenses have become the entry threshold for institutions, and the policy environment is expected to promote the wider adoption of stablecoins. The demand for payment, financing, and cross-border transfers from enterprises and individual users continues to grow, and the role of stablecoins as the infrastructure of the digital economy is becoming more and more prominent. summary In the first half of 2025, the stablecoin market will blossom in many places, and regulation, enterprise application, and technological innovation will go hand in hand. Whether in the United States, Europe, or Asia, mainstream financial institutions and large enterprises have stepped up their efforts to build compliant and secure digital asset trading and payment networks. In the coming years, stablecoins are expected to become a key bridge between traditional finance and the digital economy, bringing more efficient, transparent, and low-cost solutions for global payments and capital flows.