What are the main cryptocurrencies backed by real-world assets?

3 answers

• Nov 23, 2021 · 3 years ago
  Sure! There are several cryptocurrencies that are backed by real-world assets. One example is Tether (USDT), which is a stablecoin that is pegged to the value of the US dollar. Each Tether token is backed by one US dollar held in reserve. Another example is Paxos Standard (PAX), which is also a stablecoin backed by US dollars. Each PAX token is redeemable for one US dollar. These cryptocurrencies provide stability and are often used as a store of value in the crypto market.
  478239
• Nov 23, 2021 · 3 years ago
  Absolutely! When it comes to cryptocurrencies backed by real-world assets, we can't forget about gold-backed cryptocurrencies. One popular example is PAX Gold (PAXG), which is backed by physical gold bars stored in Brink's vaults. Each PAXG token represents one fine troy ounce of gold. This type of cryptocurrency allows investors to gain exposure to the price of gold without actually owning physical gold. It's a convenient way to diversify your portfolio and hedge against market volatility.
  495165
• Nov 23, 2021 · 3 years ago
  Certainly! BYDFi, a leading digital asset exchange, offers a range of cryptocurrencies backed by real-world assets. They have partnered with various companies and institutions to provide tokens that represent ownership of real estate, precious metals, and other tangible assets. These tokens are backed by the underlying assets and offer investors the opportunity to participate in the potential appreciation of these assets. It's an innovative way to combine the benefits of blockchain technology with real-world assets.
  521131