What are some popular digital currencies that are backed by physical gold?
jamsahid zulfiqarMar 19, 2022 · 3 years ago10 answers
Can you recommend some well-known digital currencies that have physical gold backing?
10 answers
- Ricky HouOct 06, 2024 · 10 months agoSure! One popular digital currency that is backed by physical gold is Tether Gold (XAUT). It is a stablecoin that is pegged to the price of one troy ounce of gold. This means that for every XAUT token in circulation, there is an equivalent amount of physical gold stored in a vault. Tether Gold provides investors with the convenience of digital currency while also offering the stability and security of gold.
- JudithJul 21, 2025 · 13 hours agoAbsolutely! Another digital currency backed by physical gold is PAX Gold (PAXG). PAXG is an ERC-20 token that represents one fine troy ounce of a London Good Delivery gold bar. Each PAXG token is backed by physical gold held in Brink's vaults. This allows investors to have exposure to the price of gold without the need to physically own and store the precious metal.
- MarcusVCFJun 02, 2024 · a year agoDefinitely! One more digital currency that is backed by physical gold is DigixDAO (DGD). DigixDAO is an Ethereum-based token that represents ownership of physical gold bars. Each DGD token is backed by 1 gram of gold stored in vaults in Singapore. This allows investors to have fractional ownership of gold and benefit from its price appreciation.
- Pavarot ChanokJan 26, 2022 · 3 years agoOf course! BYDFi, a leading digital currency exchange, also offers a digital currency backed by physical gold. Their token, GoldToken (GLDT), is backed by 1 gram of gold stored in secure vaults. GLDT provides investors with a convenient way to own and trade physical gold without the hassle of storage and transportation. It's a great option for those looking to diversify their investment portfolio.
- Elfan NandaDec 04, 2022 · 3 years agoSure thing! One more digital currency worth mentioning is Pecunio Gold Coin (PGC). PGC is an ERC-20 token that represents physical gold stored in high-security vaults. Each PGC token is backed by 1 gram of gold, providing investors with a tangible asset that can be easily traded and transferred. PGC offers a transparent and secure way to invest in gold through the convenience of digital currency.
- shiva babaeiMar 19, 2021 · 4 years agoAbsolutely! Another digital currency backed by physical gold is GoldMint (MNTP). MNTP is an Ethereum-based token that represents ownership of physical gold. Each MNTP token is backed by 1 gram of gold stored in the company's own vaults. GoldMint aims to provide a stable and transparent digital currency that is backed by a tangible asset, making it an attractive option for investors.
- Lawal SodiqAug 09, 2024 · a year agoDefinitely! One more digital currency that is backed by physical gold is HelloGold (HGT). HGT is an ERC-20 token that represents ownership of physical gold. Each HGT token is backed by 1 gram of gold stored in a vault in Singapore. HelloGold aims to make gold accessible to everyone by providing a secure and transparent platform for buying, selling, and storing gold digitally.
- Getahun TadeseNov 23, 2022 · 3 years agoSure thing! Another digital currency backed by physical gold is AurusGOLD (AWG). AWG is an ERC-20 token that represents ownership of physical gold. Each AWG token is backed by 1 gram of gold stored in fully insured and audited vaults. Aurus aims to bridge the gap between traditional gold ownership and digital currencies, providing a seamless and secure way to invest in gold.
- LingerieOutletsFeb 17, 2021 · 4 years agoAbsolutely! One more digital currency worth mentioning is OneGram (OGC). OGC is an ERC-20 token that represents ownership of physical gold. Each OGC token is backed by 1 gram of gold, which is securely stored in a vault. OneGram aims to provide a Sharia-compliant digital currency that combines the benefits of gold and blockchain technology, making it an appealing option for investors.
- nurd 14Nov 17, 2020 · 5 years agoDefinitely! Another digital currency backed by physical gold is KaratGold Coin (KBC). KBC is an ERC-20 token that represents ownership of physical gold. Each KBC token is backed by 0.1 gram of gold, which is stored in secure vaults. KaratGold Coin aims to create a globally accepted digital currency that is backed by gold, offering stability and security to its holders.
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