PAXG Token Surges 2.20% on Binance as Regulatory Shift and DeFi Integration Drive $49M Volume

PAXGUSDT has seen a 2.20% price increase over the last 24 hours, rising from 5001.00 to 5110.95 on Binance. This price movement is primarily attributed to recent regulatory developments, including Paxos’s transition to federal oversight under the OCC, which has enhanced investor confidence, and a surge in trading interest following gold price peaks and increased integration with DeFi platforms. Additionally, Binance's adjustment of the PAXG collateral ratio from 60% to 50% and a substantial spike in derivatives trading volume have further fueled market activity. PAXGUSDT remains highly liquid, with a 24-hour trading volume of $49.44 million on Binance, and holds a market capitalization of approximately $2.04 billion, reflecting strong and sustained demand for gold-backed digital assets.