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
Weakest this week: $币安黄金 bottomed out at a 9 gem score
$PAXG · 77 gem score this week
7 tokens rose and 2 fell this week
Up 44.3% this month, $pmUSD is gaining ground
$币安黄金 -41% this month
@panteoAsset-Backed+2•4$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 ▲▼ | Holder Distribution ▲▼ | Mc/Rev ▲▼ |
|---|---|---|---|---|---|---|---|---|---|---|---|
Paxos GoldPAXG | $4,058 | 1.0% | -1.5% | -4.7% | $1.81B | $2.49M | 76.63 | 89,417 | 0.542 | 0 | |
Tether GoldXAUt | $4,052 | 1.2% | -1.5% | -4.9% | $3.28B | $5.55M | 73.92 | Gold+1 | 63,005 | 0.3867 | 769 |
Tether GoldXAUt0 | $4,048 | 1.2% | -1.6% | -5.0% | $70.15M | $146,119 | 67.82 | Gold+1 | 6,628 | 0.3826 | – |
XAUt0XAUt0 | $4,052 | 1.2% | -1.5% | -4.9% | $110.16M | $19,206 | 61.18 | Gold+1 | 1,341 | 0.3071 | – |
Precious Metals USDpmUSD | $0.6485 | 0.6% | 17.1% | 39.5% | $59.77M | $15,561 | 60.12 | Gold+2 | 743 | 0.2039 | – |
Paxos Gold (PoS)PAXG | $4,058 | 1.0% | -1.5% | -4.7% | $783,918 | $3,085 | 52.14 | 4,431 | 0.5869 | – | |
Paxos GoldPAXG | $4.17 | – | – | -41.7% | $949,532 | $1,263 | 41.84 | Gold+1 | 1,607 | 0.9553 | – |
SpecieSPEC | $0.0001643 | 0.0% | -4.6% | -16.0% | $15,857 | $0 | 22.45 | Gold+1 | 121 | 0.1535 | – |
Binance Gold币安黄金 | $0.05346 | – | – | – | $3,560 | $0 | 9.47 | Gold+1 | 69 | 0.0139 | – |
Frequently asked questions
How has Commodity-Backed performed recently?
The Commodity-Backed stablecoin category shows a generally positive trend across both 7-day and 30-day windows, with 7 tokens up and 2 down in the last 7 days, and 8 up and 1 down over 30 days. Paxos Gold (PAXG) stands out, leading streaks for both 7 and 30 days and holding the highest score at 76.5944 in both periods. Precious Metals USD (pmUSD) also saw positive movement, climbing in rank over the 30-day window with a 44.3% score increase. Conversely, Binance Gold (币安黄金) was the weakest performer, experiencing a rank fall and a 41.0% score decrease over 30 days, and recorded the lowest scores in both timeframes, with a minimum of 8.8239 over 30 days.
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.