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TagsWhat are the top cryptocurrency-backed by gold?
bnjv minDec 25, 2021 · 3 years ago1 answersCan you provide a list of the top cryptocurrencies that are backed by gold? I'm interested in investing in digital assets that have a tangible backing like gold.
1 answers
- Sure thing! Here are some of the top cryptocurrencies backed by gold: 1. Tether Gold (XAUT): XAUT is a stablecoin issued by Tether that is backed by physical gold. Each token represents one troy ounce of gold. 2. PAX Gold (PAXG): PAXG is an ERC-20 token that represents ownership of physical gold. Each token is backed by one troy ounce of a 400 oz London Good Delivery gold bar. 3. DigixDAO (DGD): DGD is a token that represents ownership of physical gold stored in vaults. Each token represents 1 gram of gold. These are just a few examples, and there are other gold-backed cryptocurrencies available in the market. It's important to do your own research and consider factors like transparency, liquidity, and security before investing in any cryptocurrency.Dec 25, 2021 · 3 years ago
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