What is the name of the cryptocurrency that has gold backing?

3 answers

• claudiometFeb 03, 2024 · 2 years ago
  Sure! The cryptocurrency that has gold backing is called Tether Gold (XAUT). It is a stablecoin that is backed by physical gold held in a Swiss vault. Each XAUT token represents ownership of one troy fine ounce of gold on a specific gold bar. This provides a unique combination of the benefits of both gold and cryptocurrencies.
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• Skytte SkriverJan 24, 2021 · 5 years ago
  Absolutely! The cryptocurrency you're referring to is Tether Gold (XAUT). It is a digital currency that is backed by physical gold reserves. The gold backing provides stability to the cryptocurrency and ensures that its value is tied to the price of gold. This makes it an attractive option for investors who want exposure to both the cryptocurrency market and the gold market.
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• MRoseJan 01, 2023 · 3 years ago
  Yes, there is a cryptocurrency that has gold backing. It's called Tether Gold (XAUT). Tether Gold is a stablecoin that is backed by physical gold reserves. Each XAUT token represents ownership of one troy fine ounce of gold. This means that the value of Tether Gold is directly linked to the price of gold. It provides a secure and convenient way for investors to gain exposure to the gold market through the use of blockchain technology.
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