The Block (@TheBlockCo): THE BLOCK: Paxos Labs launched PAXGy, a new token backed by PAX Gold (PAXG) designed to increase in value in gold terms rather than dollars.
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
THE BLOCK: Paxos Labs launched PAXGy, a new token backed by PAX Gold (PAXG) designed to increase in value in gold terms rather than dollars. The reserves backing PAXGy are deployed through institutional gold-lending markets, with the resulting yield increasing the amount of PAXG each token represents over time. PAXGy is available through OKX and onchain platforms including X Layer, Uniswap, 0x and EtherFi.