Polaris Gold (pGOLD) — Pre-Launch Stablecoin

Synthetic Gold, No Vault Required

Polaris Gold shares infrastructure with its sibling pUSD but pegs to gold rather than the dollar — and critically, does so without any physical gold backing. Unlike XAUT or PAXG, which tokenize actual bars in Swiss vaults, pGOLD is a synthetic gold exposure minted from the same pETH collateral pool via CDPs on Ethereum. This makes it arguably more decentralized than any gold-pegged token on the market, at the cost of carrying all the risks of crypto collateral in a down market. Whether DeFi users want synthetic gold exposure from immutable contracts instead of custodied metal from Tether or Paxos is an experiment Polaris is willing to run.

Updated 2026-03-17