Paxos launches gold-backed PAXGy on Pendle
- —PAXGy is Paxos's gold-backed token deployed on Pendle
- —The asset matures on January 28, 2027
- —Users can trade and speculate on gold yields in real time
- —PAXGy trading volume is absent so far
Why it matters: The launch expands Pendle's RWA lineup and gives traders onchain gold exposure as a hedge against market volatility.
Source: Coinfomania