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  2. Cryptocurrency Ecosystem
  3. Stable Coins Forum
  4. What is meant by gold-backed stablecoin?

What is meant by gold-backed stablecoin?

charlielee
2022-10-27 10:50:18
Stablecoin is a sort of cryptocurrency which is aid to stabilize the crypto value by backing some real-world asset with the tokens. The familiar example for that gold-backed stablecoin. Which is nothing but the popular gold metal is backed with the token which is known as gold-backed stablecoin. Ther are numerous gol-backed stablecoin is available in the market for the usage. Some of them are,

BullionCoin (XAAU)
Currensee (CUR)
Egold (EGD)
Flashmoni (OZG OZT)
Gold Bits Coin (GBC)

There are more advatge for using this gold-backed stablecoin. Know more details of the gold-backed stablecoin development & create your own stablecoin else WhatsApp - +919843555651
Post Reply  
dianasmith
2022-10-27 10:50:55
First, please remove your personal whatsapp link for promotion. It's not allowed here.

Gold back stablecoins are actually a stable coin that's assets is reserved by gold against its market value of coins or same circulating supply of coins in the existing market. There are a lot of gold backed stable coins in cryptocurrency but maximum aren't so popular. Fiat and Crypto backed stable coins are so popular and top ranks now.