Pendle has integrated Paxos Labs' gold-backed token PAXGy into its yield-trading markets, allowing traders to trade future gold-denominated returns separately from the principal amount. PAXGy, launched on Sept. 24, is backed by Pax Gold (PAXG), which represents one troy ounce of gold stored in London vaults. The token's value increases as reserves are lent to institutional borrowers, though returns are not guaranteed and can be affected by borrower defaults or gold price changes. This new market offers a novel way to engage with gold investments, though PAXGy is not available in the U.S.
Pendle's integration of Paxos Labs' gold-backed token PAXGy offers new yield-trading options. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Oct 19, 2026 19:21 WIB: out of 50 major cryptocurrencies, 23 rose and 25 fell. Notable movers include BAL at Rp16.297 with an 11.14% increase, EOS at Rp12.649 with an 8.13% increase, and CRV at Rp6.334 with a 3.99% increase and a buy order activity of 57%.
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