Which cryptocurrencies are backed by gold on Coinbase?

3 answers

• Dec 17, 2021 · 3 years ago
  Yes, Coinbase offers a few cryptocurrencies that are backed by gold. One of them is Tether Gold (XAUT), which is a stablecoin that represents one troy ounce of gold on a one-to-one basis. Another option is PAX Gold (PAXG), which is an ERC-20 token backed by one fine troy ounce of gold stored in professional vault facilities. These cryptocurrencies provide investors with a way to hold digital assets that have a direct link to the value of gold.
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• Dec 17, 2021 · 3 years ago
  Sure! Coinbase currently supports Tether Gold (XAUT) and PAX Gold (PAXG), both of which are backed by physical gold. These cryptocurrencies offer investors the opportunity to hold digital assets that have a tangible backing, providing a sense of security and stability in the volatile cryptocurrency market.
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• Dec 17, 2021 · 3 years ago
  Yes, there are a couple of cryptocurrencies backed by gold on Coinbase. Tether Gold (XAUT) is one such cryptocurrency that represents the value of one troy ounce of gold. Another option is PAX Gold (PAXG), which is backed by physical gold stored in vaults. These cryptocurrencies provide a unique opportunity for investors to diversify their portfolios with assets that have a direct link to the value of gold. However, it's important to note that the value of these cryptocurrencies can still fluctuate based on market demand and other factors.
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