both have market caps above $1 million each. PMGT has a $1.7 million market capitalization and DGX has $1.1 million today. 100% of PMGT trades are settled in AUD via the Independent Reserve, while a large portion of DGX swaps are settled in the Indonesian rupiah via the exchange Indodax.
While PMGT is also backed by one troy fine ounce of physical gold like XAUT and PAXG, DGX tokens are backed by a gram of LBMA gold. According to the Digixdao team, the assets are stored in a safe house located in Singapore. PMGT and DGX have not seen the growth XAUT and PAXG have seen. On March 12, 2020, PMGT had a market valuation of $177,205 and since then it’s increased 859%. DGX had a market valuation of $1.2 million in May 2018, and today the valuation is roughly the same.
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Despite the fact that PAXg appeared earlier, XAUt has higher capitalization. It's not surprising, tether is a much bigger company than pax
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I'd still go with usd pegged tether
This is cool. I’ve seen that the number of tether holders is up to 10M.
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