What is PAX Gold / TetherUS (PAXGUSDT)?
PAX Gold / TetherUS (PAXGUSDT) is a spot trading pair listed on Binance, quoted in USD. It pairs PAX Gold, a gold-backed token where each unit represents ownership of physical gold, against TetherUS, a stablecoin pegged to the US dollar. This market lets traders gain exposure to gold's price movements within the crypto ecosystem, combining a commodity-backed asset with a dollar-referenced counterpart on a major exchange. TradeSearcher has run over 1,500 backtests on PAXGUSDT, drawing on historical data going back to 2000 to evaluate strategy performance across this pair.