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Coinbase Adds Gold-Backed PAXG to Listing Roadmap as Notcoin (NOT) Targets 38% Rally

Jake Ballard Avatar
Jake Ballard
  • Coinbase has added gold-backed stablecoins PAXG and XAUT to its listing roadmap, signaling growing interest in digital assets tied to physical gold.
  • Meanwhile, Notcoin aims for a 38% rally despite facing strong resistance.

Coinbase, the largest cryptocurrency exchange in the U.S., has signaled a bold new move by adding gold-backed stablecoins PAXG and XAUT to its official listing roadmap. This development could open a fresh frontier in the fusion of traditional and digital assets.

PAX Gold (PAXG), issued by Paxos Trust Company, is a unique stablecoin backed by physical gold stored in LBMA (London Bullion Market Association) vaults. Each PAXG token represents one fine troy ounce of gold, giving investors the ability to hold digital tokens with real-world value. While being added to the roadmap doesn’t guarantee a listing, it marks a step forward in Coinbase’s efforts to increase transparency and curb insider trading.

Also read: Sui Price Forecast: SUI Eyes 15% Rally as Open Interest Hits Record High and Bullish Bets Surge

The gold-backed stablecoin sector isn’t new, but its appeal is growing. Tether, the company behind USDT, recently disclosed that it holds $770 million in gold reserves backing its XAUT token. Launched in 2020, XAUT also offers direct ownership of allocated gold bars, stored securely in Swiss vaults.

Gold-pegged stablecoins like PAXG and XAUT are drawing investor interest as they provide exposure to the historically stable value of gold with the flexibility of blockchain-based trading. Their listing on a major exchange like Coinbase could further legitimize the concept and attract mainstream attention.

Meanwhile, Notcoin (NOT) is making waves with a targeted 38% price increase, despite grappling with a key resistance level. Analysts are split—some believe the hype around Telegram mini-app tokens like Notcoin could push it past resistance, while others urge caution due to the token’s short trading history.

As the crypto space blends more closely with traditional assets, listings like PAXG represent a strategic pivot for exchanges aiming to cater to both risk-averse and tech-savvy investors. Whether it’s stablecoins pegged to precious metals or new tokens like NOT with viral appeal, the market continues to evolve at breakneck speed.