Which digital currencies are backed by physical gold?

3 answers

• Nov 24, 2021 · 3 years ago
  Sure! There are a few digital currencies that are backed by physical gold. One popular option is Tether Gold (XAUT), which is a stablecoin issued by Tether. Each XAUT token represents one troy ounce of gold held in a Swiss vault. Another option is PAX Gold (PAXG), which is an ERC-20 token backed by one fine troy ounce of a 400 oz London Good Delivery gold bar. These tokens provide investors with the opportunity to hold digital assets that are directly linked to the value of gold, offering a level of stability and security.
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• Nov 24, 2021 · 3 years ago
  Absolutely! If you're looking for digital currencies backed by physical gold, you might also consider DigixDAO (DGD) and GoldCoin (GLC). DigixDAO is a decentralized autonomous organization that tokenizes gold on the Ethereum blockchain. Each DGD token represents a share of the total gold holdings, providing investors with exposure to physical gold. GoldCoin, on the other hand, is a cryptocurrency that is fully backed by physical gold. Each GLC token is backed by one gram of gold, stored in a secure vault. These options allow investors to diversify their portfolio with digital assets tied to the value of gold.
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• Nov 24, 2021 · 3 years ago
  Certainly! In addition to the options mentioned earlier, BYDFi also offers a digital currency backed by physical gold. Their token, GoldToken (GOLD), represents ownership of physical gold stored in secure vaults. Each GOLD token is backed by one gram of gold, providing investors with a transparent and secure way to invest in gold. BYDFi ensures that the gold backing the tokens is audited regularly, ensuring the integrity of the asset. Investing in digital currencies backed by physical gold can be a great way to combine the benefits of cryptocurrencies with the stability of a tangible asset.
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