USDT ERC20 to PAXG: Swap Tether for PAX Gold on Ethereum, No KYC
To swap USDT ERC20 to PAXG, type the USDT amount, give the 0x Ethereum address where the PAX Gold should arrive and the address your Tether leaves from, then send the USDT to the swap's deposit address with some ETH in that wallet for gas. You never register or show ID: the Tether deposit is usually final on Ethereum within about 2 to 5 minutes, after which the PAXG is paid to your address as an ERC-20 token.
- Within minutes
- No account · No KYC
- Paid to your wallet
- Fees included in quote
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Data by CoinGecko
USDT (ERC20) to PAXG Exchange Rate
The 1 Tether (USDT) on Ethereum to PAX Gold reference rate at market prices, before fees. The exact amount, minimum and maximum are shown in the exchange box before you send.
USDT to PAXG swap at a glance
Everything that is specific to swapping Tether to PAX Gold on GhostSwap.
It turns a dollar balance into PAX Gold in one step. Both coins live on Ethereum, so you only need a little ETH to pay the deposit fee.
- Send USDTAbout 2–5 minutes to confirm on Ethereum
- GhostSwap swaps itAt the floating rate, fees already in the quote
- Receive PAXGSent to your address; Ethereum confirms in about 2–5 minutes
How much PAXG do you get for USDT?
GhostSwap quotes at 13 Nov 2026, 00:26 UTC. What lands in your wallet: service fee and PAXG network fee already deducted.
100USDT500USDT2,500USDTThe rate floats with the market until your USDT deposit confirms. The minimum for this pair is about 31 USDT. Enter any amount in the exchange box above for a live quote; no account needed.
What PAXG is, and what you receive
PAX Gold is a token issued by Paxos on Ethereum. Each whole PAXG represents one fine troy ounce of physical gold, so the token's value moves with the gold market rather than with crypto. It is an ERC-20 token like the Tether you are sending, which keeps this swap on a single chain.
Because one token stands for a full ounce, the payout is usually a fraction. A few hundred dollars of USDT becomes a small decimal amount of PAXG, and that is normal. The box shows the exact PAXG figure after fees before you send, so read it there rather than working it out from a price you saw elsewhere.
Holding PAXG in your wallet is not the same as holding metal in a safe. The token is a claim on gold that Paxos keeps; turning it into physical bars or coins is done through Paxos itself, not through a swap.
Sending the Tether: ETH gas on the deposit
Both tokens live on Ethereum, but neither pays its own fees. Your USDT deposit is an Ethereum transaction, and its gas is charged in ETH from the same wallet. Keep a small ETH balance next to the Tether; without one, MetaMask, Rabby and Ledger Live will refuse to send it.
Ethereum gas is a fixed cost per transfer, shaped by how busy the network is. On a modest USDT amount it can be a noticeable part of the total, so one larger swap tends to work out better than several small ones. Our guide to lower gas fees covers timing.
Check that the token in your wallet is ERC-20 USDT on Ethereum. Tether on Tron or BNB Smart Chain cannot be sent to this deposit address. If yours is TRC20, USDT TRC20 to PAXG takes it directly and still pays out PAX Gold on Ethereum. The deposit shows on Etherscan under its hash.
Receiving PAXG: your 0x address and the token contract
The payout goes to a regular Ethereum 0x address of 40 hex characters. The wallet that holds your USDT works fine, since one Ethereum account can hold both tokens. When the Tether has landed, most swaps finish within minutes; Ethereum then settles the gold token transfer on its usual schedule.
Many wallets do not show PAXG until you add it. Do that from the PAX Gold token page on Etherscan, which lists the official contract, and not from a link someone sends you. Fake tokens using the PAX Gold name exist and have no gold behind them.
Two practical notes for later. Moving PAXG out of your wallet costs ETH gas, so leave some ETH behind. And the PAXG contract applies a small transfer fee set by Paxos, so a later transfer can deliver slightly less PAXG than the amount you send. Plan for that if you will move it often.
Gold tokens on Ethereum compared
| PAXG (this page) | XAUT | Stay in USDT | |
|---|---|---|---|
| Issued by | Paxos | Tether | Tether |
| Backing per token | A fine troy ounce of physical gold | One troy ounce of gold | Around one dollar |
| Network here | Ethereum, ERC-20 | Ethereum, ERC-20 | Ethereum, ERC-20 |
| Gas paid in | ETH | ETH | ETH |
| Swap from USDT ERC20 | This pair | USDT ERC20 to XAUT | No swap needed |
Both gold tokens track the same metal, but they come from different issuers with their own vaults and reports. Choosing PAXG keeps your gold claim with Paxos and away from the company behind your USDT, which some holders prefer. In practice the steps match: neither gold token pays its own gas, and most wallets only display them once you add the contract by hand.
Freezes, refunds and support
Both tokens in this swap come from companies that can freeze tokens at an address: Tether for USDT and Paxos for PAXG. That is built into each token contract, and it stays true whichever one you hold.
Treat the sender field with care, because it decides where money returns. Should the swap be unable to complete, that 0x address gets the Tether back, which means it belongs in a wallet you hold the keys to. Exchange withdrawals come from shared wallets, and refunded tokens landing there are hard to trace back to you.
Your swap ID comes with a live status page, and Etherscan logs both the Tether in and the PAX Gold out. If the explorer marks the deposit successful but the status sits unchanged for hours, contact support@ghostswap.io; quote the swap ID plus the Ethereum hash, and avoid sending the USDT twice.
Why people move Tether into gold
A stablecoin tracks the dollar. Some holders want part of their savings to track something else, and gold is the classic choice. Swapping USDT to PAXG changes that exposure without leaving Ethereum, opening a brokerage account or arranging storage.
Others treat it as a parking spot between trades, or as a way to hold a gold position in the same wallet as the rest of their crypto. No email, account or ID is involved; GhostSwap is a no-KYC crypto exchange from end to end.
Keep in mind that gold has its own swings, so the dollar value of your PAXG will move. Your rate is tied to aggregated liquidity from leading crypto markets, floating for as long as the Tether deposit is pending. To return to dollars later, use PAXG to USDT ERC20. More on parking value in stable assets is in hedging with stablecoins.
Common mistakes
- Leaving no ETH beside the USDT, so the deposit cannot pay Ethereum gas.
- Depositing TRC20 or BEP20 Tether when this address only takes ERC-20 USDT.
- Trusting a PAX Gold contract from a chat message, which shows a worthless copy instead of your payout.
- Expecting a whole PAXG for a small deposit, when one token stands for a full troy ounce.
- Assuming the swap delivers physical gold, which only Paxos can arrange.
Going the other way? Swap PAXG to USDT
More USDT swaps
USDT to PAXG Live Price Chart
USDT (ERC20)/PAXG
Reference market prices, updated live
Convert Tether (USDT) on Ethereum to PAX Gold
| USDT (ERC20) | PAXG at market price |
|---|---|
| 31USDT (ERC20) | 0.007979PAXG |
| 50USDT (ERC20) | 0.012870PAXG |
| 100USDT (ERC20) | 0.025739PAXG |
| 250USDT (ERC20) | 0.064348PAXG |
| 500USDT (ERC20) | 0.128696PAXG |
| 1,000USDT (ERC20) | 0.257393PAXG |
| 5,000USDT (ERC20) | 1.2870PAXG |
| 10,000USDT (ERC20) | 2.5739PAXG |
At market prices of $0.999131 per USDT (ERC20) and $3,881.74 per PAXG (13 Nov 2026), 500 USDT (ERC20) is worth about 0.128696 PAXG. Your exact amount, after network fees, is shown in the exchange box before you send.
Convert PAX Gold to Tether (USDT) on Ethereum
| PAXG | USDT (ERC20) at market price |
|---|---|
| 0.0078PAXG | 30.3039USDT (ERC20) |
| 0.01PAXG | 38.8512USDT (ERC20) |
| 0.02PAXG | 77.7023USDT (ERC20) |
| 0.05PAXG | 194.2558USDT (ERC20) |
| 0.1PAXG | 388.5116USDT (ERC20) |
| 0.2PAXG | 777.0232USDT (ERC20) |
| 1PAXG | 3,885.12USDT (ERC20) |
| 2.5PAXG | 9,712.79USDT (ERC20) |
Going the other way, 0.1 PAXG is worth about 388.5116 USDT (ERC20) at the same prices.
How to Exchange Tether (ERC20) to PAX Gold
Select USDT and PAXG
Pick USDT in “You send” and PAXG in “You get”, then enter the amount. The box shows how much PAXG you get and the minimum USDT for this pair.
Enter PAX Gold Address
Paste the Ethereum address that should receive the PAXG (it starts with 0x followed by 40 hexadecimal characters). Then enter the Ethereum address you send USDT from; a refund, if ever needed, goes there.
Send Tether (ERC20)
Send exactly the amount shown from your own Ethereum wallet to the one-time deposit address. Keep a little ETH in that wallet for the network fee.
Receive PAX Gold
Your PAXG is paid out once your USDT deposit confirms, and Ethereum then confirms it in about 2–5 minutes. Most swaps finish within minutes. The exact time depends on how fast each network confirms your deposit. Follow each step on the status page with your swap ID.
USDT to PAXG: questions and answers
Everything you need to know about exchanging USDT (ERC20) to PAXG on GhostSwap.