The total locked value (TVL) of Paxos Gold (PAXG) Token has recently surpassed $500 million, reaching $508 million. This rise demonstrates the increasing interest of TradFi (Traditional Finance) investors in gold-backed cryptocurrencies. PAXG Token combines the stability of physical gold with the flexibility of blockchain technology, making it an ideal entry point for investors with lower risk to enter the encryption market. As TradFi gradually integrates with the encryption world, the success of PAXG may drive the development of more tokenization projects for physical assets.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The total locked value (TVL) of Paxos Gold (PAXG) Token has recently surpassed $500 million, reaching $508 million. This rise demonstrates the increasing interest of TradFi (Traditional Finance) investors in gold-backed cryptocurrencies. PAXG Token combines the stability of physical gold with the flexibility of blockchain technology, making it an ideal entry point for investors with lower risk to enter the encryption market. As TradFi gradually integrates with the encryption world, the success of PAXG may drive the development of more tokenization projects for physical assets.