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Easily convert FRAX to PAXG with ConvertOnline's efficient tool.
Frax (FRAX) is a unique stablecoin that combines the benefits of both algorithmic and collateralized stablecoins. It is designed to maintain its peg to the US dollar while providing a decentralized and scalable solution for users in the cryptocurrency space.
PAX Gold (PAXG) is a digital asset that represents a claim on physical gold, where each token is backed by one fine troy ounce of gold stored in professional vaults. It combines the stability of gold with the efficiency of blockchain technology, allowing users to trade, transfer, and hold gold in a digital format.