If you love gold and crypto, this may be the holy grail. Gold-backed tokens are getting increasingly popular as a more accessible alternative to investing in physical gold.
is a gold-backed stablecoin and is the same Tether token behind USDT. Launched in 2020, Tether gold is currently the largest gold-backed stablecoin in the market. XAUT represents one troy ounce of gold on a London Good Delivery bar. The gold is held in a company-controlled Swiss vault.exchange-traded funds
DigixGlobal makes investing in gold more accessible by offering fractional tokens. As such, investors can accumulate gold in small amounts and manage their holdings in real time, as well as participate in exchange-traded funds. The physical gold backing DGX tokens are held in Singapore at the Safe House Singapore vault and in another vault in Canada.
The token is an ERC-20 token, and can be traded, stored and transferred much like any other Ethereum-based token. Paxos requires a minimum purchase of $20 for PAXG tokens and does not have any maximum limit.The major advantage of investing in gold-backed tokens is that, unlike physical gold, they are digital and can be divided into smaller parts, making them readily transportable, easily transferable and relatively more affordable.
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