Gold backed cryptocurrencies?

We also have other fiat backed ones like the US dollar, including Tether, USD Coin, Dai, TrueUSD, Paxos Standard, Binance USD, Gemini Dollar and Palladium Coin. The largest stablecoin is Tether (USDT). A Tether token is backed by a USD. The largest token by market capitalization is the gold token Perth Mint (PMGT) for gold-backed cryptos.

Gold-backed cryptocurrency is a type of stable cryptocurrency in which each token is backed by physical gold. With the price of the token linked to the current price of gold, there is less price volatility compared to Bitcoin or other altcoins. Tether Gold reserves are held in Swiss vaults and investors must pay a small fee of 0.25% per transaction. Gold is kept and accounted for in an associated vault in Singapore, and the World Gold Council certifies that it complies with the Shari'ah Standard.

The Goldzip token project is issued and regulated by the China Gold and Silver Exchange (CGSE) in the Hong Kong Special Administrative Region (Hong Kong SAR). After November 11, Kinesis will have its ICO offering the sale of its KAU gold and silver KAG transaction coins. Royal Mint Gold (RMG) proposed offering real gold, stored in the vault of The Royal Mint and traded on a digital trading platform provided by CME Group. A utility token directly backed by a physical supply of 23K Thai gold, secured by blockchain technology.

P2PB2B ranks 18th largest on Coinmarketcap Each OCG token represents ownership of 30 grams of fine gold stored in non-bank vaults. We propose to form an organization that can standardize, authenticate, promote and educate gold-backed cryptocurrencies. CTG is a digital currency that is used as a worldwide cross-border anonymous payment system in exchange for goods and services, 100% backed and redeemable for physical gold, delivered to your doorstep, anonymously. Each GGT token is backed by 1 gram of 99.99% molten gold bars from London Bullion Market Association approved refineries.

Each UPXAU token represents 1 troy ounce (31,10348 grams) of pure physical gold held at the Perth Mint in Western Australia, each certified with 1 GoldPass Gold certificate. These cryptocurrencies are “linked to an asset with a stable value, which is gold in this case, and they experience less volatility compared to Bitcoin and other altcoins. Gold-linked tokens aim to prevent price fluctuations by linking the derivative asset to a tangible asset. Gold reserves are owned by LDX holders, and LDX holders can exchange cryptocurrency for real gold bars.

MAST is a modern digital asset that combines multiple tiers of stocks and currencies that are backed by physical allocations of gold.

Garland Pietrzak
Garland Pietrzak

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