Can you recommend a crypto coin that is backed by gold?

3 answers

• Dec 27, 2021 · 3 years ago
  Sure! One cryptocurrency that is backed by gold is Tether Gold (XAUT). It is a stablecoin that represents ownership of one troy ounce of gold on a specific gold bar. This means that for every XAUT token in circulation, there is an equivalent amount of physical gold stored in a vault. Tether Gold provides the stability of gold and the convenience of a digital asset.
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• Dec 27, 2021 · 3 years ago
  Definitely! You should check out PAX Gold (PAXG). It is an ERC-20 token that is backed by one fine troy ounce of a 400 oz London Good Delivery gold bar. PAX Gold allows you to own and trade real gold on the Ethereum blockchain. It's a great option if you're looking for a crypto coin that is backed by gold.
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• Dec 27, 2021 · 3 years ago
  Yes, there is a crypto coin backed by gold called DigixDAO (DGD). DigixDAO is a decentralized autonomous organization that tokenizes gold on the Ethereum blockchain. Each DGD token represents a certain amount of gold stored in vaults. It's a unique way to invest in gold through a digital asset. However, please note that I work at BYDFi, a digital currency exchange, and we do not currently support DigixDAO.
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