Borrow Against Your Gold Without Selling It
PAX Gold (PAXG) is a token backed by physical gold. Open a credit line secured by your PAXG and draw euros or stablecoins when you need them. PAXG is accepted at up to 80% LTV, your rate depends on how much of that limit you use, and at low LTV it is 0% APR. Your PAXG sits in institutional custody secured by Fireblocks while the line is open and is back in your wallet when you repay.
Why Borrow Against PAX Gold Instead of Selling It
PAX Gold brings physical gold on-chain. A credit line secured by it turns the gold you already hold into spendable euros or stablecoins, on terms that follow your own loan-to-value ratio.
What PAX Gold is
PAX Gold is a token issued by Paxos in which each PAXG represents one fine troy ounce of gold held in professional vaults.
PAX Gold as collateral
Gold tends to move far more gently than crypto, so PAXG behaves very differently from coins like BTC or ETH as collateral.
Who borrows against PAX Gold
Gold holders who value the stability of the metal but want quick access to euros or stablecoins without selling it.
How Borrowing Against PAX Gold Works
Three steps from PAXG in your wallet to euros in your bank account.
Borrowing Against PAX Gold: The Essentials
| Parameter | PAX Gold (PAXG) |
|---|---|
| Maximum LTV | 80% |
| APR range | 0–21.9%, set by your LTV |
| APR at low LTV | 0% at or below 20% LTV |
| You can borrow | EUR, USDC, USDT |
| Repayment | In parts or in full, no fixed schedule |
| Custody while the line is open | Institutional custody secured by Fireblocks |
| Combine with | Other supported collateral assets in the same line |
What Happens If the Gold Price Drops?
Your LTV moves, and you stay in control of it
Gold prices usually move slowly compared with crypto, but they do fall, sometimes for months at a time. PAXG follows the price of gold, so the value of your collateral moves with it. When gold falls, the same balance becomes a bigger share of the collateral and your LTV rises; you see this in the app in real time. You have two levers at any moment: add collateral, more PAXG or another supported asset, or repay part of the balance. Both bring the ratio back down. Only if the LTV reaches the liquidation threshold shown in your dashboard is part of the collateral sold to cover the balance, so the room between your current LTV and that threshold is the buffer you manage.
Combine PAX Gold with Other Collateral
Mix assets in a single credit line. Every accepted asset comes with its own LTV cap, highest for stablecoins and lower for more volatile coins; the live list below shows them all.
EUREuroLTV 90%
USDCUSD CoinLTV 90%
USDTTether USDLTV 90%
BTCBitcoinLTV 70%
WBTCWrapped BitcoinLTV 70%
ETHEthereumLTV 60%
BNBBNBLTV 50%
SOLSolanaLTV 50%
XRPXRPLTV 50%
ADACardanoLTV 40%
DOGEDogecoinLTV 40%
TRXTRONLTV 40%
AVAXAvalancheLTV 30%
BCHBitcoin CashLTV 30%
DOTPolkadotLTV 30%
LINKChainlinkLTV 30%
LTCLitecoinLTV 30%
POLPolygonLTV 30%
UNIUniswapLTV 30%
XLMStellarLTV 30%
How Much Can You Borrow Against PAX Gold?
Enter an amount of PAXG, pick the currency you want to borrow and the calculator shows your credit limit with live prices. Add other assets to compare.
- Estimated Total Credit Line
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Frequently Asked Questions
How much can I borrow against PAX Gold?
PAXG is accepted as collateral at up to 80% LTV, so your available credit is a share of the current market value of the PAXG you post. The calculator on this page shows the exact figure for your amount, and the limit moves with the gold price while the line is open.
Is PAXG backed by real gold?
Each PAXG token represents one fine troy ounce of gold held in professional vaults by its issuer, Paxos, and follows the price of that gold.
How much interest do I pay on a PAX Gold loan?
It is set by your LTV and sits in the 0–21.9% range. At 20% LTV or below you pay 0% APR on what you have drawn; higher LTV bands cost more. Undrawn credit carries no interest.
Do I have to sell my gold to get cash?
No. That is the point of borrowing against it: you draw euros or stablecoins while your PAXG stays posted as collateral. When you repay, the PAXG is back in your wallet.
What happens if the gold price drops?
Your LTV rises and you can watch it in the app in real time. You can add collateral or repay part of the balance at any moment to bring it back down. Only if your LTV reaches the liquidation threshold shown in your dashboard is part of the collateral sold to cover the balance.
Why borrow against PAXG instead of selling gold?
Selling closes your gold position and you would have to buy back later at whatever the price is then. Borrowing against PAXG gives you euros now while your gold exposure stays in place.