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What are some popular cryptocurrencies that are backed by gold?

avatarBenedictDec 15, 2021 · 3 years ago7 answers

Can you recommend some well-known cryptocurrencies that have gold backing? I'm interested in investing in digital assets that are backed by physical gold, as it provides a sense of security. Could you provide some insights into these cryptocurrencies and their gold backing?

What are some popular cryptocurrencies that are backed by gold?
Cryptocurrencies
Gold-backed Cryptocurrencies
Digital Assets

7 answers

  • avatarDec 15, 2021 · 3 years ago
    Sure! One popular cryptocurrency that is backed by gold is Tether Gold (XAUT). It is a stablecoin that is pegged to the price of gold, with each token representing one troy ounce of gold held in a Swiss vault. This provides investors with the convenience of digital assets while having the stability of gold backing.
  • avatarDec 15, 2021 · 3 years ago
    Absolutely! Another well-known gold-backed cryptocurrency is DigixDAO (DGD). It is an Ethereum-based token that represents physical gold stored in vaults in Singapore. Each token is backed by 1 gram of gold, making it a reliable option for those looking to invest in gold-backed digital assets.
  • avatarDec 15, 2021 · 3 years ago
    Certainly! One option you might consider is the BYDFi Gold Token (BYDGT). It is a gold-backed cryptocurrency that offers the benefits of blockchain technology and the stability of gold. Each token is backed by 1 gram of gold stored in secure vaults. With BYDGT, you can enjoy the advantages of digital assets while having the assurance of gold backing.
  • avatarDec 15, 2021 · 3 years ago
    Definitely! Another popular choice is PAX Gold (PAXG). It is an ERC-20 token that represents physical gold bars stored in Brink's vaults. Each token is backed by one fine troy ounce of gold. PAXG combines the benefits of digital assets with the timeless value of gold.
  • avatarDec 15, 2021 · 3 years ago
    Of course! One more gold-backed cryptocurrency worth mentioning is GoldCoin (GLC). It is a digital asset that is backed by physical gold, with each coin representing a specific weight of gold. GoldCoin provides a transparent and secure way to invest in gold, leveraging the advantages of blockchain technology.
  • avatarDec 15, 2021 · 3 years ago
    Absolutely! Another option is AurusGOLD (AWG), a gold-backed cryptocurrency that is fully insured and audited. Each token represents 1 gram of gold, stored in fully insured vaults. AurusGOLD offers a convenient and secure way to invest in gold through digital assets.
  • avatarDec 15, 2021 · 3 years ago
    Sure thing! One more gold-backed cryptocurrency to consider is Perth Mint Gold Token (PMGT). It is an ERC-20 token that represents ownership of physical gold stored in the Perth Mint. Each token is backed by 1 ounce of gold, providing investors with a reliable and transparent way to invest in gold through digital assets.

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