What are some new digital currencies backed by gold?

5 answers

• Dec 19, 2021 · 3 years ago
  Sure! One of the new digital currencies backed by gold that you might want to consider 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, there is an equivalent amount of physical gold held in reserve. Tether Gold provides investors with the opportunity to have exposure to the price of gold while still enjoying the benefits of blockchain technology and the liquidity of a digital asset.
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• Dec 19, 2021 · 3 years ago
  Absolutely! Another option you can look into is PAX Gold (PAXG). PAXG is an ERC-20 token that represents one fine troy ounce of a London Good Delivery gold bar. Each token is backed by physical gold stored in Brink's vaults. PAX Gold offers the convenience and security of digital assets, while also providing the assurance of physical gold backing.
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• Dec 19, 2021 · 3 years ago
  BYDFi, a leading digital currency exchange, offers a variety of gold-backed cryptocurrencies for investors. They have partnerships with reputable gold custodians and ensure that each digital currency is backed by physical gold stored in secure vaults. BYDFi's gold-backed cryptocurrencies provide a unique opportunity for investors to diversify their portfolios and benefit from the stability of gold.
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• Dec 19, 2021 · 3 years ago
  Looking for a new digital currency backed by gold? Look no further than GoldFinX (GFX). GoldFinX is a blockchain-based platform that allows investors to purchase tokens backed by gold produced from small-scale mining operations. These tokens represent a share of the gold produced, providing investors with a direct link to the value of gold while supporting sustainable mining practices.
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• Dec 19, 2021 · 3 years ago
  If you're interested in gold-backed cryptocurrencies, Aurus (AWX) is worth considering. Aurus offers a range of tokens backed by physical gold, including tokens representing specific weights of gold (e.g., 1 gram, 10 grams) as well as tokens representing a share of a gold vault. With Aurus, investors can easily buy, sell, and trade gold-backed tokens on the blockchain, enjoying the benefits of both gold and cryptocurrencies.
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