What are some popular commodity-backed stablecoins available on the market?

1 answers

• McCaffrey RoedApr 03, 2021 · 5 years ago
  Absolutely! Here are some popular commodity-backed stablecoins that you can find on the market: 1. Tether Gold (XAUT): This stablecoin is backed by physical gold and provides a convenient way to hold and trade gold digitally. Each token represents ownership of one troy ounce of gold. 2. Digix Gold Token (DGX): DGX is an Ethereum-based stablecoin that is backed by physical gold bars. Each token represents 1 gram of gold, making it easy to buy, sell, and transfer gold digitally. 3. Paxos Gold (PAXG): PAXG is a digital asset that represents physical gold held in custody by Paxos Trust Company. Each token is backed by one fine troy ounce of a 400 oz London Good Delivery gold bar. 4. Perth Mint Gold Token (PMGT): PMGT is an ERC-20 token issued by InfiniGold and backed 1:1 by GoldPass certificates issued by The Perth Mint. Each token represents ownership of 1 ounce of physical gold. Please note that the availability and trading pairs of these stablecoins may vary depending on the exchange you use.
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