What are some popular cryptocurrencies that are backed by gold?
Jay_Are9Jul 07, 2020 · 5 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?
7 answers
- sparkApr 15, 2023 · 2 years agoSure! 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.
- Gnaneswar RajuJul 16, 2024 · a year agoAbsolutely! 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.
- Kaplan BarberAug 04, 2025 · a month agoCertainly! 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.
- Susmi VariscaAug 10, 2023 · 2 years agoDefinitely! 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.
- sergioJunioroMay 05, 2025 · 4 months agoOf 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.
- triggerNov 08, 2024 · 10 months agoAbsolutely! 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.
- ThirupataiahAug 03, 2023 · 2 years agoSure 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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