Paxos Labs Launches Gold Token That Can Earn A Return In Gold

Paxos Labs has launched PAXGy, a token backed by PAXG that can increase in value relative to gold over time.
The underlying reserves are deployed to vetted institutional borrowers through the gold-leasing market.
PAXGy is live across platforms including OKX, X Layer, Uniswap, 0x and Ether.Fi, but the return is not guaranteed.
**ID:** N25-09
**Site:** NewsBTC
**Status:** READY
**Author:** NewsBTC Editorial Team
**Focus Keyword:** Paxos
**Image Keyword:** Gold
**Category:** Altcoins
**Tags:** Pax