Paxos Introduces PAXGy: Tokenized Gold with Lending Yield

Paxos Labs has introduced PAXGy, a new feature that adds lending yield to its tokenized gold product, PAXG. This move allows users to earn interest on their gold holdings through Paxos' institutional-grade lending platform.

According to the company, PAXGy provides an innovative solution for investors seeking alternative revenue streams without having to physically withdraw or sell their gold assets.

Paxos Labs claims that this new feature will enable users to earn a higher return on investment compared to traditional savings options while maintaining the security and stability of holding physical gold.