Commodity-Backed
Commodity-backed stablecoins: digital assets with value pegged to real-world commodities.
7 days at the top this week: $PAXG is dominating the category
$PAXG · 77 gem score this week
1 token rose and 7 fell this week
Up 52.3% this month, $PAXG is gaining ground
New in the top ranks this month: $XAUt0 just made the leaderboard
$XAUt0 dropped out of the top ranks this month
@panteoAsset-Backed+2•4$PAXG presents a compelling thesis. It digitizes physical gold. This resolves persistent friction in traditional asset markets. Physical gold is slow and cumbersome. $PAXG offers instant, verifiable, fractional ownership on-chain. Not mere speculation. This is foundational infrastructure. Institutions will embrace this efficiency. The market still misprices this critical bridge to real-world assets.
Token | Price | 1d % ▲▼ | 1w % ▲▼ | 1m % ▲▼ | Market Cap ▲▼ | Volume 24h ▲▼ | Score ▲▼ | Category | Holders ▲▼ | Entropy ▲▼ | Mc/Rev ▲▼ |
|---|---|---|---|---|---|---|---|---|---|---|---|
Paxos GoldPAXG | $4,370 | 1.2% | -1.4% | 0.1% | $1.90B | $4.45M | 76.19 | 86,738 | 0.5516 | 0 | |
Tether GoldXAUt | $4,367 | 1.2% | -1.4% | 0.4% | $2.68B | $4.73M | 73.24 | Gold+1 | 59,781 | 0.3991 | 678.71 |
Tether GoldXAUt0 | $4,371 | 1.1% | -1.4% | 0.6% | $75.69M | $1.24M | 68.08 | Gold+1 | 5,957 | 0.4573 | – |
XAUt0XAUt0 | $4,371 | 1.1% | -1.4% | 0.6% | $119.23M | $17,483 | 60.05 | Gold+1 | 1,449 | 0.32 | – |
Precious Metals USDpmUSD | $0.5118 | 14.2% | 5.2% | -21.0% | $42.24M | $91,828 | 41.89 | Gold+2 | 712 | 0.206 | – |
Paxos Gold (PoS)PAXG | $4,370 | 1.2% | -1.4% | – | $843,559 | $6,913 | 40.16 | 4,392 | 0.5921 | – | |
Paxos GoldPAXG | $7.87 | -3.7% | -0.8% | – | $2.22M | $122.12 | 31.15 | Gold+1 | 1,583 | 0.9553 | – |
DGX-1DGX-1 | $0.05253 | – | – | -9.4% | $3,013 | $0 | 20.78 | Gold+1 | 119 | 0.0648 | – |
Frequently asked questions
How has Commodity-Backed performed recently?
The Commodity-Backed category saw more tokens trending down than up over both 7-day and 30-day windows. Paxos Gold (PAXG) was a strong performer, leading with a 7-day and 30-day streak and achieving the highest scores for both periods. Tether Gold (XAUt0) entered the top K over 30 days, while an unnamed XAUt0 exited over the same period. DGX-1 showed the lowest scores in both timeframes.
What are commodity-backed stablecoins?
Commodity-backed stablecoins are a type of cryptocurrency designed to maintain a stable value by being pegged to the price of physical commodities, such as gold, silver, oil, or real estate. Each token typically represents a claim on a specific quantity of the underlying commodity.
How do commodity-backed stablecoins maintain their stability?
Stability is maintained by holding reserves of the underlying physical commodity. The issuer typically stores the commodity in secure vaults or accounts, and each token issued is redeemable for a corresponding amount of that commodity. This direct link to tangible assets aims to provide a reliable store of value.
What are the benefits of investing in commodity-backed stablecoins?
Benefits include protection against cryptocurrency market volatility due to their peg to less volatile assets. They can also offer a way to gain exposure to commodities without the complexities of direct ownership, and potentially act as a hedge against inflation.
What are the risks associated with commodity-backed stablecoins?
Risks include the security and auditability of the underlying commodity reserves, the solvency and transparency of the issuer, and potential regulatory changes. There is also the risk of price fluctuations in the underlying commodity itself, which can affect the token's value.
How do commodity-backed stablecoins differ from fiat-backed stablecoins?
Fiat-backed stablecoins are pegged to traditional government-issued currencies like the US dollar, with reserves held in bank accounts. Commodity-backed stablecoins, in contrast, are pegged to physical assets such as precious metals or energy, with reserves held in physical form or specific investment vehicles.