Which stable coin is backed by Gold?

[Fidelia]

Stable coins are always backed by some valuable assets. Most stable coins like USDT are backed by dollar reserves. Which of the stable coins do you know that is backed by Gold? What is the fundamental advantage of a stable coin backed by Gold?

 

[Suba]

Although I personally do not hold gold-backed stablecoins for various reasons such as high transaction fees, interest spreads, but if you ask about the advantages of gold-backed stablecoins are: low volatility, as a hedge against inflation etc.

 

[magnus2022]

Tether Gold is backed by gold. Among all stable coins, Tether Gold is very stable. Each ownership of Tether Gold is directly equal to one troy of ounce of physical gold.

 

[Augusta]

A new gold-backed stablecoin called USDKG to be launched in Q3. it represents a certain amount of physical gold stored in a secure vault,

 

[riberet19]

Pax Gold is the oldest cryptocurrency that is backed by gold as far as I know; it is from the company Paxos