Paxos launched the gold-backed token PAXGy
According to PR Newswire, Paxos Labs announced the launch of the gold-backed token PAXGy, with PAX Gold as the underlying asset, and holdings measured in ounces of gold. PAX Gold is fully backed by investment-grade gold in LBMA vaults and independently verified by KPMG.
Holders can obtain PAXGy by depositing PAX Gold or exchanging accepted stablecoins.
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