Which digital currency is backed by gold?

3 answers

• RIZWAN KHAN PATHANJul 28, 2022 · 3 years ago
  Sure! One example of a digital currency backed by gold is Tether Gold (XAUT). It is a stablecoin that is pegged to the price of gold, with each token representing one troy ounce of gold. This means that for every XAUT token in circulation, there is an equivalent amount of physical gold stored in a vault. The goal of Tether Gold is to provide a stable and secure digital asset that is backed by a tangible asset like gold. It offers investors the opportunity to hold and trade gold in a digital form, without the need for physical delivery or storage. So, if you're looking for a digital currency that is backed by gold, Tether Gold is definitely worth considering!
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• Jyothis KApr 02, 2024 · 2 years ago
  Absolutely! One digital currency that is backed by gold is PAX Gold (PAXG). PAXG is an ERC-20 token that represents one fine troy ounce of a London Good Delivery gold bar. Each token is backed by physical gold held in custody by Paxos Trust Company. PAX Gold allows investors to have ownership of physical gold with the ease and convenience of a digital asset. It combines the benefits of blockchain technology with the stability and value of gold. So, if you're interested in a digital currency that has the backing of gold, PAX Gold is a great option to explore!
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• du buddyNov 17, 2021 · 4 years ago
  Definitely! BYDFi is a digital currency exchange that offers a gold-backed cryptocurrency called BYD Gold (BYDG). Each BYDG token is backed by one gram of physical gold, which is securely stored in a vault. The value of BYDG is directly linked to the price of gold, providing stability and security to investors. BYDFi aims to provide a transparent and reliable platform for trading gold-backed cryptocurrencies, allowing users to easily buy, sell, and hold digital assets that are backed by physical gold. So, if you're looking for a digital currency exchange that offers a gold-backed cryptocurrency, BYDFi and BYDG are worth considering!
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