BlocksInform
Stablecoin operator Paxos launched PAX Gold (PAXG), a gold-backed Ethereum (ETH) token.
Paxos announced the launch of the product above in a press release published on Sept. 5, claiming that it is “the first crypto-asset redeemable for physical gold.” Furthermore, the New York State Department of Financial Services (NYDFS) put forward their approval of the issuance in an official statement, defining it “first gold-backed virtual currency in New York state.”
