Holdings grow measured in gold ounces, Paxos launches gold-backed token PAXGy

Odaily News: Paxos Labs has announced the launch of PAXGy, a gold-backed token that uses PAX Gold as its underlying asset, with holdings growing measured in gold ounces. PAX Gold is fully backed by investment-grade gold in LBMA vaults and independently attested by KPMG; holders can obtain PAXGy by depositing PAX Gold or redeeming accepted stablecoins.