Defi
Paxos Labs Launches Gold Token That Can Earn A Return In Gold
NewsBTC·September 26, 2026·1 min read
Paxos Labs launched PAXGy, a token backed by PAXG that can grow in gold value over time. Reserves are lent to vetted institutional borrowers in the gold-leasing market, with returns accruing via the exchange rate. PAXGy is live on OKX, X Layer, Uniswap, 0x, and Ether.Fi, though returns are not guaranteed.
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