Which cryptocurrency is backed by gold and has the highest market capitalization?

3 answers

• MassimoOct 31, 2021 · 4 years ago
  Sure! One cryptocurrency that fits your criteria is Tether Gold (XAUT). It is a stablecoin that is backed by physical gold, with each token representing ownership of one troy ounce of gold. Tether Gold has gained popularity due to its stability and the assurance of being backed by a tangible asset. In terms of market capitalization, it is one of the top gold-backed cryptocurrencies available.
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• Iosu GómezFeb 07, 2024 · 2 years ago
  Definitely! Pax Gold (PAXG) is another cryptocurrency that is backed by gold and has a high market capitalization. Each PAXG token represents one fine troy ounce of a London Good Delivery gold bar. It offers the benefits of owning physical gold while being easily tradable on the blockchain. With its strong market presence, Pax Gold is considered one of the leading gold-backed cryptocurrencies in terms of market capitalization.
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• Abdou El abbassiNov 11, 2023 · 2 years ago
  Yes, there is a cryptocurrency called DigixDAO (DGD) that is backed by gold and has a significant market capitalization. DigixDAO tokenizes physical gold on the Ethereum blockchain, allowing users to own and trade gold digitally. The project is governed by token holders, making it a decentralized and community-driven platform. DigixDAO has gained attention for its innovative approach to combining gold and blockchain technology, resulting in a high market capitalization.
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