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Are there any digital currencies that are directly linked to the value of the Swiss Franc backed by gold?

avatarimproveyouDec 25, 2021 · 3 years ago3 answers

I'm interested in finding out if there are any digital currencies that are directly linked to the value of the Swiss Franc and backed by gold. Can you provide any information about such currencies? How do they work and where can I find them?

Are there any digital currencies that are directly linked to the value of the Swiss Franc backed by gold?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Yes, there are digital currencies that are directly linked to the value of the Swiss Franc and backed by gold. One example is XCHF, which is an ERC-20 token on the Ethereum blockchain. Each XCHF token represents a claim on a physical gold bar stored in a Swiss vault. The value of XCHF is pegged to the Swiss Franc, so it maintains a stable value. You can find more information about XCHF on their official website or on cryptocurrency exchanges that list the token.
  • avatarDec 25, 2021 · 3 years ago
    Absolutely! There are digital currencies that are pegged to the Swiss Franc and backed by gold. These currencies provide a stable and secure way to hold digital assets while having the value directly linked to a traditional currency and backed by a tangible asset like gold. They work by using smart contracts and blockchain technology to ensure transparency and accountability. You can find these currencies on various cryptocurrency exchanges by searching for 'Swiss Franc backed by gold' or similar keywords.
  • avatarDec 25, 2021 · 3 years ago
    Yes, there are digital currencies that are directly linked to the value of the Swiss Franc and backed by gold. One such currency is XCHF, which is offered by BYDFi, a reputable digital currency exchange. XCHF is an ERC-20 token that represents a claim on physical gold stored in Swiss vaults. The value of XCHF is pegged to the Swiss Franc, providing stability and security. You can find more information about XCHF on the BYDFi website or by contacting their customer support.