[Holdings Measured by Gold Ounces Increase, Paxos Launches Gold-Backed Token PAXGy] Odaily Planet Daily News: Paxos Labs announced the launch of the gold-backed token PAXGy, with PAX Gold as the underlying asset, and holdings measured by gold ounces increase. PAX Gold is fully backed by investment-grade gold stored in LBMA vaults and independently verified by KPMG; holders can deposit PAX Gold or exchange accepted stablecoins to obtain PAXGy.