Is there a digital coin that is backed by gold?

7 answers

• kllooSep 16, 2020 · 5 years ago
  Yes, there are digital coins that are backed by 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. Each XAUT token is backed by physical gold held in a vault. This allows investors to have exposure to the price of gold while still benefiting from the advantages of digital currencies. You can find more information about Tether Gold on their official website.
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• Razan AwwadMay 11, 2022 · 3 years ago
  Absolutely! There are several digital coins 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 gold held in custody by a trusted third-party custodian. This ensures that the value of PAXG is directly tied to the price of gold. You can learn more about PAX Gold and how to invest in it on their official website.
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• Mahamcoul jr officiel CoulibalOct 30, 2023 · 2 years ago
  Yes, there is a digital coin backed by gold called DGLD. It is a joint venture between CoinShares, Blockchain, and MKS (Switzerland) SA. DGLD is a digital representation of allocated physical gold stored in a Swiss vault. Each DGLD token represents 1/10th of a troy ounce of gold. It combines the benefits of digital currencies with the stability and value of gold. You can find more information about DGLD on the official CoinShares website.
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• Fajar Maulana arifApr 21, 2021 · 4 years ago
  Definitely! There are digital coins that are backed by gold, providing investors with a unique opportunity to combine the benefits of both digital currencies and the stability of gold. One such coin is DigixDAO (DGX), which is an Ethereum-based token backed by physical gold. Each DGX token represents 1 gram of gold. The gold is stored in a vault in Singapore and can be redeemed for physical gold if desired. You can find more information about DigixDAO and how to invest in it on their official website.
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• Thuesen LockhartJun 03, 2023 · 2 years ago
  Yes, there are digital coins backed by gold. One example is GoldCoin (GLC), which is a cryptocurrency that is backed by gold. Each GLC token represents a certain amount of gold, providing investors with a tangible asset behind their digital investment. GoldCoin aims to combine the stability of gold with the convenience and accessibility of digital currencies. You can find more information about GoldCoin on their official website.
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• Ifoghale UzeziFeb 25, 2024 · a year ago
  Certainly! There are digital coins that are backed by gold, offering investors a unique way to diversify their portfolios. One such coin is AurumCoin (AU), which is a cryptocurrency that is backed by gold. Each AU token represents a specific weight of gold, allowing investors to have direct exposure to the value of gold. AurumCoin aims to provide a secure and transparent way to invest in gold through digital means. You can find more information about AurumCoin on their official website.
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• AyanoKodeMar 22, 2022 · 3 years ago
  Yes, there are digital coins that are backed by gold. One example is Perth Mint Gold Token (PMGT), which is an ERC-20 token issued by the Perth Mint in Australia. Each PMGT token represents ownership of 1 ounce of physical gold stored in the mint's vault. This provides investors with a secure and transparent way to invest in gold through digital means. You can find more information about Perth Mint Gold Token on their official website.
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