Tether vs Pax Gold: Key Differences (USDT vs PAXG)
Complete side-by-side comparison of Tether and Pax Gold. Price, market cap, technology, and more.
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What is Tether?
Null (USDT) is a digital token with no specified consensus mechanism, use case, launch year, or founder information. It serves as a placeholder in the crypto space without defined attributes or applications.
What is Pax Gold?
Each PAXG token is backed by one fine troy ounce of London Good Delivery gold stored in Brink's vaults. Issued by Paxos Trust Company under NYDFS regulation. It gives you gold exposure without storage costs, with the ability to trade 24/7 and settle instantly on Ethereum. Real gold, digital convenience.
Price Evolution
Percentage change from start of period
USDT-0.05%PAXG-4.94%Detailed Comparison
| Metric | USDT | PAXG |
|---|---|---|
| USDT PAXG | ||
| Price & Market | ||
| Price | $1 | $4,535.67 |
Price $1 $4,535.67 | ||
| Market Cap | $189.78B | $2.13B |
Market Cap $189.78B $2.13B | ||
| 24h Volume | $33.09B | $45.35M |
24h Volume $33.09B $45.35M | ||
| Volume/Cap Ratio | 17.44% | 2.13% |
Volume/Cap Ratio 17.44% 2.13% | ||
| Market Dominance | 0.07471446% | 0.0008398% |
Market Dominance 0.07471446% 0.0008398% | ||
| All-Time High | $1.32 | $5,619.09 |
All-Time High $1.32 $5,619.09 | ||
| ATH Date | Jul 24, 2018 | Jan 29, 2026 |
ATH Date Jul 24, 2018 Jan 29, 2026 | ||
| Performance | ||
| 24h Change | 0.01% | 0.32% |
24h Change 0.01% 0.32% | ||
| 7d Change | 0.02% | 3.73% |
7d Change 0.02% 3.73% | ||
| 30d Change | 0.05% | 4.94% |
30d Change 0.05% 4.94% | ||
| Supply | ||
| Circulating Supply | 189.86B | 470,301.37 |
Circulating Supply 189.86B 470,301.37 | ||
| Total Supply | 195.32B | 470,301.37 |
Total Supply 195.32B 470,301.37 | ||
| Max Supply | Unlimited | Unlimited |
Max Supply Unlimited Unlimited | ||
| Technology | ||
| Consensus | N/A | ERC-20 (Ethereum PoS) |
Consensus N/A ERC-20 (Ethereum PoS) | ||
| Block Time | N/A | N/A (Token) |
Block Time N/A N/A (Token) | ||
| TPS (Transactions/sec) | N/A | N/A |
TPS (Transactions/sec) N/A N/A | ||
| Launch Year | N/A | 2019 |
Launch Year N/A 2019 | ||
| Transaction Fees | ||
| Average Fee | $0.50-$20 | $0.50-$20 |
Average Fee $0.50-$20 $0.50-$20 | ||
| Fee Model | Ethereum gas fees (ERC-20) | Ethereum gas fees (ERC-20) |
Fee Model Ethereum gas fees (ERC-20) Ethereum gas fees (ERC-20) | ||
| General | ||
| Primary Use Case | N/A | Tokenized gold, Store of value |
Primary Use Case N/A Tokenized gold, Store of value | ||
| Founder | N/A | Charles Cascarilla (Paxos) |
Founder N/A Charles Cascarilla (Paxos) | ||
| Website | N/A | paxos.com/paxgold |
Website | ||
| Volatility & Risk | ||
| Drawdown from ATH | 24.3% | 19.3% |
Drawdown from ATH 24.3% 19.3% | ||
Why Tether?- ✓Stablecoin value reduces volatility risk for traders.
- ✓Widely accepted across many crypto exchanges.
- ✓Provides easy liquidity for converting crypto assets.
Why Pax Gold?- ✓Fully backed by physical gold in Brink's vaults
- ✓Regulated by NYDFS - institutional grade
- ✓Trade gold 24/7 with instant blockchain settlement
Tether Risks
- ✗Lacks transparency due to limited public information.
- ✗No clear consensus mechanism or governance details.
- ✗Undefined use case and founding details increase risk.
Pax Gold Risks
- ✗Counterparty risk - trust Paxos to hold gold
- ✗Fees for redemption of physical gold
The Verdict
Both Tether and Pax Gold serve important roles in the crypto ecosystem. Many investors choose to hold both as part of a diversified crypto portfolio.
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