Paxos Gold TVL Surpasses $500 Million Milestone

According to BlockBeats, Paxos Gold, a real-world asset (RWA) cryptocurrency token backed by physical gold, has recently seen its total value locked (TVL) exceed $500 million, reaching $508 million. Each PAXG token represents one ounce of high-quality London Good Delivery gold stored in professional vault facilities. This token combines the stability of gold with the flexibility and accessibility of blockchain technology. Users have the option to redeem their tokens for physical gold or trade them on various cryptocurrency platforms.