Paxos Labs Launches Gold-Backed PAXGy Token
Paxos Labs launched PAXGy, a gold-backed token that appreciates in gold terms. It's built on PAX Gold, backed by physical gold verified by KPMG. Users can obtain PAXGy by depositing PAXG or exchanging stablecoins, with redemption options available. The token is available on OKX Gold Earn, X Layer, and other platforms, with Chainlink enabling cross-chain transfers.




