Which cryptocurrency is backed by gold?

3 answers

• Nov 28, 2021 · 3 years ago
  Sure! One cryptocurrency that is backed by gold is Tether Gold (XAUT). It is a stablecoin that is pegged to the price of 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. This provides investors with the assurance that the value of their investment is directly tied to the price of gold. It's a great option for those who want exposure to the stability and value of gold while still enjoying the benefits of a digital currency.
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• Nov 28, 2021 · 3 years ago
  Yes, there is a cryptocurrency called DigixDAO (DGD) that is backed by gold. Each DGD token represents a certain amount of gold that is stored in a vault. The value of DGD is directly tied to the price of gold, making it a unique investment option for those who want to combine the benefits of digital currencies with the stability of gold.
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• Nov 28, 2021 · 3 years ago
  BYDFi, a digital currency exchange, offers a cryptocurrency called Gold Token (GOLD). It is backed by physical gold stored in secure vaults. Each GOLD token represents a specific weight of gold, allowing investors to easily trade and hold gold in a digital form. This provides a convenient way to invest in gold without the need for physical storage. With BYDFi's reputation and expertise in the cryptocurrency industry, GOLD is a reliable option for those looking to invest in a gold-backed cryptocurrency.
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