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via crypto.news · By crypto.news Editorial

Paxos Labs launches PAXGy token backed by PAX Gold

PAXG

PAXG/USDT

$4,280.57

+0.33%

$4,280.57

+0.33%

(24s)

24h Volume

$81,617,734.49

24h H/L

$4,308.84 / $4,252.16

Change: $56.68 (1.33%)

Funding Rate

+0.0013%

Longs pay

Data provided by COINOTAG DATALive data

PAXG

Daily

$4,280.57

▼ -0.04%

Volume (24h): -

Resistance Levels

Resistance 3$4,404.33

Resistance 2$4,367.10

Resistance 1$4,315.90

Price$4,280.57

Support 1$4,228.63

Support 2$4,103.88

Support 3$4,029.44

Pivot (PP):$4,281.07

Trend:Downtrend

RSI (14):40.9

crypto.news Editorial

(06:22 PM UTC)

1 min read

Approved byJames Mitchell

0 comments

Paxos Labs has launched PAXGy, a token built on PAX Gold that is designed to increase the amount of PAXG a holder can redeem as its reserves earn returns from gold leasing.

Summary

Holders can deposit PAXG or swap accepted stablecoins to receive PAXGy.
Paxos Labs says lending income accrues through a PAXGy-to-PAXG exchange rate, rather than an increase…

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crypto.news Editorial · crypto.news

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