Gold-backed vs USD-backed stablecoins: Key differences

What are gold-backed stablecoins, and how do they work? Gold-backed stablecoins are digital currencies pegged to physical gold reserves and designed to maintain a stable value. The concept of gold-backed digital currencies dates back to the early days of cryptocurrency, with developers aiming to create a reliable store of value. Each gold-backed stablecoin represents a specific quantity of gold.

Read the full article at cointelegraph.com

---

Source: cointelegraph.com
Published: April 21, 2025