What is Gold-Backed Cryptocurrency?

When you think of cryptocurrency, you most likely think of the digital currency you trade via online platforms. Gold-backed cryptocurrency is similar in that you can buy and sell it digitally, but there’s more to it.

While the value of most crypto correlates to its popularity and trade volume, gold-backed cryptocurrency has physical value as well. Instead of digital value alone, this currency’s value connects with that of gold on the market. This tangible value sets these currencies apart from regular cryptocurrencies because they have real value.



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