HostPAXG vs USDM — price, size and safety, side by side
PAXG (Ethereum) vs USDM (Ethereum) — every figure is the freshest dated measurement we hold for that token, never a live-feed guess. Prices stamped 2026-09-27 / 2026-09-26.
PAXG vs USDM — normalized performance, 2026-09-08 to 2026-09-26T18:07:24
| PAXG | USDM | |
|---|---|---|
| Price | $4.28K | $0.9968 |
| Market cap | $1.86B | $6.50B |
| 24h volume | $1.17M | $7.97M |
| Liquidity | $20.43M | $20.11M |
| FDV | $1.85B | $6.50B |
| Holders | 88,116 | 175 |
| Age (days) | 334 | 1,021 |
| Safety grade | B | B |
Where they differ
- USDM measures ~3.5× the market cap of PAXG
- USDM measures ~6.8× the 24h volume of PAXG
- PAXG measures ~504× the holder count of USDM
What the data says
PAXG
PAXG is Paxos's tokenized gold — each token a claim on one fine troy ounce held in LBMA vaults in London, making it the most direct on-chain gold exposure in this index. The deployment 0x45804880de22913dafe09f4980848ece6ecbaf78 is the canonical mint; our September 27, 2026 snapshot reads $20.4 million of tracked pool liquidity.
The honest frame is the custodial one: a PAXG is only as good as Paxos's vault attestations and redemption rails — Paxos is a NYDFS-regulated trust, which puts this in the "institutional-grade claim" bucket alongside USDC rather than the commodity-fantasy bucket — but it is still a claim, and redemption has minimums most wallets will never meet. The token tracks spot gold minus the custody premium; what it cannot track is the deep liquidity of actual gold markets.
USDM
USDM is Mountain Protocol's yield-bearing dollar — a regulated, rebasing stablecoin that pays T-bill yield to holders by growing their balance rather than requiring a stake contract. The deployment 0xbbaec992fc2d637151daf40451f160bf85f3c8c1 is the Ethereum mint; our September 26, 2026 snapshot reads $20 million of tracked pool liquidity.
The honest mechanics: rebasing means balance and "value" move together — a wallet holding USDM sees the unit count tick up daily as yield accrues, which is elegant until accounting or a DeFi pool assumes a static balance. Regulated in Bermuda, permissioned to hold — both the feature set and the limitation come from the same compliance posture.
FAQ
Which is bigger, PAXG or USDM?
By tracked market cap: PAXG (Ethereum) measures $1.86B and USDM (Ethereum) measures $6.50B — dated snapshots, not a live feed.
Which is safer, PAXG or USDM?
On the contract checks we publish: PAXG (Ethereum) grades B and USDM (Ethereum) grades B. A grade is a structural check on the contract, not a promise about the asset.
How have PAXG and USDM performed over the shared window?
Between 2026-09-08 and 2026-09-26T18:07:24, the measured snapshots show PAXG at −3.00% and USDM at 0.00%.
More comparisons
OLD SLERF vs PAXGPAXG vs JUPUSDVVV vs PAXGPAXG vs RAYUSDM vs JUPUSDOLD SLERF vs USDMUSDM vs RAYUSDM vs KBTC
The grade column is the one CMC's compare page cannot print — our grade is computed from the contract itself (mint/freeze authority, liquidity, holder concentration). Changes are measured over the shared window stated on the chart, 2026-09-08→2026-09-26T18:07:24; a token with fewer measured points measures a shorter span inside it.
Figures are dated on-chain snapshots, not a live feed. Safety grades are structural checks — not investment advice. Free · no signup · a NexFlow product.