Each PAXG is backed by one fine troy ounce of gold stored in vaults in London and held in custody by Paxos Trust Company. Paxos says it can be redeemed for gold bars, or for dollars at the gold price at any time.
Source: Paxos: Pax Gold · checked 2 October 2026
The Global Dollar site says USDG is always eligible for redemption with Paxos, one for one for US dollars.
Source: Global Dollar: about USDG · checked 2 October 2026
Gemini's site says its customers can always redeem 1 GUSD for 1 US dollar on Gemini.
Source: Gemini: Gemini dollar · checked 2 October 2026
Onboarded holders can redeem OUSG for USDC at any hour. Ondo's docs say the amount that can be redeemed instantly in any 24 hours is limited.
Source: Ondo docs: OUSG overview · checked 2 October 2026
Redeeming burns the fund shares and pays out US dollars to a bank account or USDC to a wallet. Superstate's docs say purchases and redemptions have liquidity each market day.
Sources: Superstate docs: redeem, Superstate docs: Invesco USTB · checked 2 October 2026
Only holders of a Circle Mint account can swap USDC for dollars with Circle itself, and those accounts are for institutions, not individuals. Everyone else sells it on an exchange.
Source: Circle Mint · checked 2 October 2026
Tether swaps USDT for dollars only for customers it has verified, from $100,000 at a time and for a fee. Everyone else sells it on an exchange.
Source: Tether: fees · checked 2 October 2026
Paxos redeems PYUSD for dollars one for one for its own customers. Anyone who is not its customer sells it elsewhere.
Source: Paxos: PayPal USD · checked 2 October 2026
Only users Ethena has approved after identity checks can create USDe or redeem it with Ethena. Everyone else buys and sells it on exchanges and in trading pools.
Sources: Ethena docs: peg arbitrage, Ethena docs: FAQ · checked 2 October 2026
Institutions buy RLUSD from Ripple and redeem it with Ripple directly. Its docs point retail businesses to exchanges instead.
Source: Ripple docs: RLUSD · checked 2 October 2026
BitGo redeems USD1 for dollars one for one for its own eligible customers, after its checks and approval. Other holders sell it on the exchanges and platforms that support it.
Source: World Liberty Financial docs: what USD1 is · checked 2 October 2026
Businesses with a Circle Mint account convert EURC to euro with Circle itself. Everyone else sells it on an exchange.
Source: Circle: EURC · checked 2 October 2026
XAUt can be redeemed for physical gold only a whole bar at a time, which can take as much as 430 XAUt, from a verified account, with delivery to an address in Switzerland. US persons cannot buy or redeem it from the issuer. Smaller holders sell it on a trading platform.
Source: Tether Gold: FAQ · checked 2 October 2026
USDf can be redeemed with Falcon for stablecoins, or for the assets locked to create it, by users who have passed its identity checks. Every redemption waits 7 days, which Falcon says it needs to pull the assets out of its yield strategies.
Sources: Falcon Finance docs: redemptions, Falcon Finance docs: FAQ · checked 2 October 2026
TUSD is redeemed for dollars through an account in the TrueUSD app, in amounts of at least $1,000 and after its banking partners' identity checks. A wire usually follows within a business day. Everyone else sells it on an exchange.
Source: TrueUSD · checked 2 October 2026
Kinesis says KAU is backed 1:1 by allocated physical gold in third-party vaults, audited every six months. The token on Ethereum is a claim on Kinesis KAU held by KMS Labs: redeeming it requires onboarding with KMS Labs, after which physical redemption may be made through Kinesis Cayman.
Source: Kinesis: gold (KAU) · checked 2 October 2026
Kinesis says KAG is backed 1:1 by allocated physical silver in third-party vaults, audited every six months. The token on Ethereum is a claim on Kinesis KAG held by KMS Labs: redeeming it requires onboarding with KMS Labs, after which physical redemption may be made through Kinesis Cayman.
Source: Kinesis: silver (KAG) · checked 2 October 2026
The other questions
- Which coins can be sold for dollars?
- Which coins can be held without a company?
- Which coins can send a payment?
- Which coins can earn a return by themselves?
- Which coins can run applications?
- Which coins limit their own supply?
- Which coins hold a steady dollar value?
- Which coins can be used on other chains?
What a coin can do is not a reason to buy it or to sell it, and nothing here is advice. Each answer names where it comes from and the day we read it. A coin we have not written up is left out, not marked down. How these answers are written.