What are some cryptocurrencies backed by gold?

3 answers

• Haahr SehestedJan 20, 2025 · 7 months ago
  Sure! Here are some cryptocurrencies that are backed by gold: 1. Tether Gold (XAUT): Tether Gold is a stablecoin that is backed by physical gold. Each token represents ownership of one troy ounce of gold, stored in a Swiss vault. It offers the benefits of both cryptocurrencies and gold, providing stability and security to investors. 2. 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 in Singapore and is audited regularly to ensure transparency. 3. PAX Gold (PAXG): PAX Gold is an ERC-20 token that represents ownership of physical gold bars. Each token is backed by one fine troy ounce of a 400 oz London Good Delivery gold bar. The gold is stored in Brink's vaults and can be redeemed for physical gold. These gold-backed cryptocurrencies provide a way for investors to gain exposure to the price of gold while still benefiting from the advantages of cryptocurrencies, such as ease of transfer and divisibility.
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• s.gerNov 24, 2022 · 3 years ago
  Absolutely! Here are a few cryptocurrencies that are backed by gold: 1. GoldCoin (GLC): GoldCoin is a digital currency that is fully backed by physical gold. Each coin represents a specific weight of gold, which is stored in secure vaults. The value of GoldCoin is directly linked to the price of gold, providing stability and a hedge against inflation. 2. AurumCoin (AU): AurumCoin is a cryptocurrency that is backed by a combination of gold and silver. Each coin represents a certain amount of gold and silver, which is stored in vaults in Switzerland. The value of AurumCoin is determined by the market price of gold and silver. 3. HelloGold (HGT): HelloGold is a blockchain-based platform that allows users to buy, sell, and store gold. Each token, called HGT, represents ownership of physical gold. The gold is stored in a vault in Singapore and can be redeemed for physical gold. These gold-backed cryptocurrencies offer a unique way to invest in precious metals while leveraging the benefits of blockchain technology.
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• Hadiqa Khalid AhmedJan 21, 2022 · 4 years ago
  Sure, I can help you with that! Here are a few cryptocurrencies that are backed by gold: 1. Tether Gold (XAUT): Tether Gold is a stablecoin that is backed by physical gold. Each token is equivalent to one troy ounce of gold, stored in a Swiss vault. It provides a convenient way to hold and transfer gold digitally, while maintaining its value. 2. DigixDAO (DGD): DigixDAO is a decentralized autonomous organization that tokenizes gold on the Ethereum blockchain. Each token, known as DGX, represents 1 gram of gold. The gold is stored in vaults in Singapore and can be audited to ensure its authenticity. 3. PAX Gold (PAXG): PAX Gold is an ERC-20 token that represents ownership of physical gold. Each token is backed by one fine troy ounce of a 400 oz London Good Delivery gold bar. The gold is stored in Brink's vaults and can be redeemed for physical gold. These gold-backed cryptocurrencies provide a secure and transparent way to invest in gold, while still enjoying the benefits of digital currencies.
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