---
title: "Pleasing Gold (PGOLD) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/pgold-pleasing/"
description: "Build-time stablecoin profile for Pleasing Gold (PGOLD). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-05-15"
---



# Pleasing Gold (PGOLD)

**Peg:** Gold

**Backing:** Real-World Asset Backed

**Governance:** Centralized (CeFi)

**Status:** active

## Overview

Pleasing's gold token claims 1:1 physical bullion backing but publishes no proof of reserves or independent attestation, making it the least transparent gold token on the dashboard.

Pleasing Gold's PGOLD is backed 1:1 by LBMA-standard 99.99% physical gold at 1 troy ounce per token, deployed on Arbitrum and ApeChain — the same Pleasing International that issues PUSD, sharing infrastructure and the Hong Kong precious metals firm's physical gold corridor. The institutional-unregulated {{term:custody}}custody{{/term}} and absence of any proof of reserves or independent {{term:attestation}}attestation{{/term}} make PGOLD the least transparent gold token on the dashboard, relying entirely on the issuer's claims without external verification. Whether a gold token without audited reserves can compete with PAXG's KPMG attestations and XAUT's BDO Italia audits depends on the holder's trust in the issuer rather than the metal itself. For Pleasing's existing gold corridor clients, PGOLD may serve as a convenient tokenized bridge; for everyone else, the lack of verifiable custody is a hard pass.

## Collateral

LBMA-standard 99.99% physical gold with 1 PGOLD representing 1 fine troy ounce; issuer materials describe fully gold-backed reserves and physical redemption support

## Peg Mechanism

Issuer-managed gold-backed token with off-chain custody and redemption workflow; documentation describes physical redemption and delivery through the Pleasing platform subject to KYC and size requirements

## Jurisdiction

| Country | Regulator | License |
| --- | --- | --- |
| Hong Kong | N/A | N/A |

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| arbitrum | `0x3e76bb02286bfeaa89dd35f11253f2cbce634f91` | 18 |
| apechain | `0x64ae250e044688ddd04262f17daca23c28d241c2` | 18 |
| ethereum | `0xfb0bd86210d2a10543bb40289e92d108b3a5334f` | 18 |

## Live Data

Real-time price, supply, peg score, liquidity, and flow data live at https://api.pharos.watch/api/stablecoin/pgold-pleasing.