USDQ vs PAX Gold vs bitCNY
What problem does this service solve?
USDQ is a stablecoin designed to facilitate investing in blockchain projects. | PAX Gold is designed to be a digital asset that is more accessible, redeemable, and flexible. | bitCNY is intended to serve as financial tool that will help stabilize the price of BTS relative to the Chinese Yuan. |
Token Stats
Company Description
USDQ is a stablecoin that is pegged to the US Dollar and is collateralized with Bitcoin. USDQ was issued by a company called Platinum Securities that offers STO and market making services. | PAX Gold is stablecoin backed by gold. Each PAX Gold token is backed by one troy ounce (t oz) of a 400 oz London Good Delivery gold bar that is stored in a physical vault. PAXG holders own the underlying physical gold that is held in custody by the Paxos Trust Company, which is a regulated financial institution. Paxos specializes in providing custody and infrastructure solutions that enable movement between physical and digital assets. | bitCNY is a decentralized stablecoin that is pegged to the Chinese Yuan. It is based on the BitShares blockchain and has a Delegated Proof-of-Stake (dPoS) consensus mechanism. As a market pegged asset, the bitCNY token represents the amount of BitShares (BTS) that are equivalent to one Chinese Yuan. |