Paxos Gold Token (PAXG) Sees Record Inflows as Crypto Investors Seek Safe Haven in Gold

The Paxos Gold token (PAXG), a digital asset backed by physical gold, has attracted unprecedented investor inflows. This surge highlights a growing trend of cryptocurrency investors diversifying their portfolios with the perceived safety of precious metals amid market volatility. PAXG allows holders to own fractional, blockchain-represented shares of London Good Delivery gold bars stored in secure vaults. Analysts interpret this record interest as a strategic shift towards asset-backed stablecoins and a hedge against inflation and crypto market downturns. The increased demand for PAXG underscores gold's enduring role as a store of value within the modern digital asset ecosystem.