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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.
The United States Dollar (USD) is the official currency of the United States and is widely used as a global reserve currency. It serves as a medium of exchange, a unit of account, and a store of value, facilitating international trade and investment.