Gold-Backed Cryptocurrency Aims To Tap Stablecoin Appeal



Nov.21 — In this week’s “Commodity-In-Chief” on “Bloomberg Commodities Edge”, Alix Steel talks with Danny Masters, chairman of CoinShares, which is betting that trading a digital gold asset linked to bitcoin may provide investors with a sense of security. The launch of the product, called DGLD, included $20 million of the digital metal tied to an offset of bitcoin’s blockchain, with each token representing a 10th of a troy ounce.

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2 Thoughts to “Gold-Backed Cryptocurrency Aims To Tap Stablecoin Appeal”

  1. If you're reading this, your entire portfolio will eventually be on a blockchain, regardless of what you own. So if you don't own tokens from the leading platfforms, you aren't too bright.

  2. Lol stop with these dumb gimmicks, you either buy real physical gold or you buy btc smh

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