Are there any cryptocurrencies that have gold as their underlying asset?

3 answers

• Nov 28, 2021 · 3 years ago
  Yes, there are cryptocurrencies that have gold as their underlying asset. One example is Tether Gold (XAUT), which is a digital asset issued by Tether that represents ownership of one troy ounce of gold on a specific gold bar. Each XAUT token is backed by physical gold held in a vault. This provides the stability and security of gold, while still being easily transferable and divisible like other cryptocurrencies. It's a great option for those who want exposure to gold without the need for physical ownership.
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• Nov 28, 2021 · 3 years ago
  Definitely! There are several cryptocurrencies that are backed by gold. One popular option is Pax Gold (PAXG), which is an ERC-20 token built on the Ethereum blockchain. Each PAXG token represents one fine troy ounce of a London Good Delivery gold bar. The gold is held in Brink's vaults and is audited regularly to ensure its existence and purity. With PAXG, you can enjoy the benefits of owning gold, such as a hedge against inflation and a store of value, while still being able to easily trade and transfer your holdings.
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• Nov 28, 2021 · 3 years ago
  Absolutely! BYDFi is a digital currency exchange that offers a unique cryptocurrency called Gold Token (GOLD). Each GOLD token is backed by physical gold stored in secure vaults. The gold is audited regularly to ensure its authenticity and purity. With GOLD, you can enjoy the stability and security of gold, while also benefiting from the convenience and accessibility of cryptocurrencies. It's a great option for investors who want to diversify their portfolio with a digital asset that has a tangible underlying asset.
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