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Aave Integrates Paxos Gold-Backed Stablecoin for Decentralized Lending

Guavy AI Editorial Team
Instruments
ETH AAVE PAXG
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Aave's V4 Global Dollar Hub on Ethereum has integrated $PAXG, the gold-backed stablecoin from Paxos. This new feature allows users to borrow $USDG against their $PAXG holdings.

The integration represents a significant advancement for DeFi lending and could attract more users to the protocol.

This move is particularly timely as DeFi platforms are evolving to meet user demands for more diversified financial products.

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