Topic: Most reliable gold-pegged stablecoin? (Read 60 times)
The stablecoin backed by gold is not the most stable asset. It seems that gold is more reliable than the same dollar, which is also not stable. But in reality, gold is not a reliable asset at all. Gold is not very liquid, volatile, and highly dependent on market fluctuations and can fall in price for several years in a row.
How about looking at the gold stable coin project that also has a signature campaign and bounty in the forum? I think they could also be a candidate for what you're looking for. Still DYOR about them. They have an announcement thread.
(https://bitcointalksearch.org/topic/ann-gold-first-100-liquid-stablecoin-backed-by-gold-5161544)
(https://bitcointalksearch.org/topic/ann-gold-first-100-liquid-stablecoin-backed-by-gold-5161544)
Thanks, I added this token to poll,
But I can see it is not traded on any major exchanges yet? And even on uniswap they are not added to any official token list..
I know many projects which has good bounty campaigns and then failed unfortunately.
How about looking at the gold stable coin project that also has a signature campaign and bounty in the forum? I think they could also be a candidate for what you're looking for. Still DYOR about them. They have an announcement thread.
(https://bitcointalksearch.org/topic/ann-gold-first-100-liquid-stablecoin-backed-by-gold-5161544)
(https://bitcointalksearch.org/topic/ann-gold-first-100-liquid-stablecoin-backed-by-gold-5161544)
The best answer I can give is I don't know, none of these stable coins shows us that they really have a reserve or they really are backed by real gold, we just have to trust their words for it and that's all we gonna get anyway, empty words
Because there is huge spread in my country between retail gold price and exchange one. And secondly it is much more profitable to buy bigger amount ... 1g of gold costs about 20%-30% more than 1 oz piece.
And bigger pieces are more durable. And digital gold is more liquid.. many reasons!
So I have an idea to transfer part of crypto income to digital gold(gold-pegged stablecoins) they are the more a good solution as there is no need to go through fiat. If I gather 1 oz value I will think about buying real gold (maybe abroad).
But I need to avoid scam until I save enough to buy >1 Oz pieces..
And bigger pieces are more durable. And digital gold is more liquid.. many reasons!
So I have an idea to transfer part of crypto income to digital gold(gold-pegged stablecoins) they are the more a good solution as there is no need to go through fiat. If I gather 1 oz value I will think about buying real gold (maybe abroad).
But I need to avoid scam until I save enough to buy >1 Oz pieces..
As in the subject, I'd like to know what do you consider as most trustworthy gold-pegged stablecoin?
Stablecoin and trustworthy huh? I don't often see those two in the same sentence. What are your criteria to be called trustworthy? That they actually have a storage of physical gold to back up the token 1:1? I haven't looked deeper into reserve of companies issuing stablecoins other than Finex. I voted Paxos because it's the only one I know from the list you provided. There was another one which is quite advertise well in the forum https://bitcointalksearch.org/topic/ann-gold-first-100-liquid-stablecoin-backed-by-gold-5161544~ but I wanna diversify my investment portfolio and I'd like to start from digital assets.
Why do you even want to diversity on a stable coin?
As in the subject, I'd like to know what do you consider as most trustworthy gold-pegged stablecoin?
I know crypto is now on hype but I wanna diversify my investment portfolio and I'd like to start from digital assets.
I know crypto is now on hype but I wanna diversify my investment portfolio and I'd like to start from digital assets.
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