Are there any digital currencies tied to the price of gold?

3 answers

• Dec 18, 2021 · 3 years ago
  Yes, there are digital currencies that are tied to the price of gold. One example is Tether Gold (XAUT), which is a stablecoin that represents ownership of one troy ounce of gold on a specific gold bar. This means that for every XAUT token, there is an equivalent amount of physical gold held in reserve. Investing in Tether Gold allows you to have exposure to the price of gold while still benefiting from the convenience and security of digital currencies.
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• Dec 18, 2021 · 3 years ago
  Absolutely! There are several digital currencies that are backed by gold. One popular option is PAX Gold (PAXG), which is an ERC-20 token that represents physical gold held in vaults. Each PAXG token is backed by one fine troy ounce of a 400 oz London Good Delivery gold bar. By investing in PAX Gold, you can enjoy the potential benefits of digital currencies while having the stability of gold.
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• Dec 18, 2021 · 3 years ago
  Yes, there are digital currencies tied to the price of gold. BYDFi, a leading digital currency exchange, offers a gold-backed token called BYDG. Each BYDG token represents ownership of 1 gram of gold, which is securely stored in a vault. Investing in BYDG allows you to have exposure to the price of gold while benefiting from the liquidity and accessibility of digital currencies. It's a great option for those looking for a stable and reliable digital currency backed by gold.
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