Gold-Backed Cryptocurrency

« Back to Glossary Index

It is a digital token or coin that has been issued representing the value of gold meaning that one physical gram of gold equals that of one such coin. Examples: Paxos Gold (PAXG), Perth Mint Gold Token (PMGT), Digix Global (DGX), Tether Gold (XAUT) and Meld Gold by Algorand.

« Back to Glossary Index

Check Also


New Mining Strategies You Need To Incorporate After Crypto Halving

Good News! The Bitcoin network has already crossed its 800,000th block at the end of …