Can you recommend a cryptocurrency that is backed by gold?

3 answers

• FARHAAN SAYYADFeb 02, 2022 · 4 years ago
  Sure! One cryptocurrency that is backed by gold is Tether Gold (XAUT). It is a stablecoin that represents ownership of one troy ounce of gold on a specific gold bar. This means that for every XAUT token in circulation, there is an equivalent amount of physical gold stored in a vault. It provides the stability of gold while still being a digital asset. You can consider investing in Tether Gold for a gold-backed cryptocurrency option.
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• Dall SeerupNov 23, 2021 · 4 years ago
  Absolutely! If you're looking for a cryptocurrency backed by gold, you should check out DigixDAO (DGD). DigixDAO is a decentralized autonomous organization that tokenizes gold on the Ethereum blockchain. Each token, called DGX, represents 1 gram of gold. The gold is stored in vaults and can be redeemed for physical gold if desired. DigixDAO offers a transparent and secure way to invest in gold through a cryptocurrency.
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• Arnuuu_77Nov 23, 2023 · 2 years ago
  Yes, there is a cryptocurrency that is backed by gold called PAX Gold (PAXG). PAX Gold is an ERC-20 token that represents physical gold held in custody by Paxos Trust Company. Each PAXG token is backed by one fine troy ounce (t oz) of a 400 oz London Good Delivery gold bar. It combines the benefits of blockchain technology with the stability and intrinsic value of gold. Consider PAX Gold as a gold-backed cryptocurrency option for your investment portfolio.
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