STABLECOINS BACKED BY PHYSICAL ASSETS

By Boltvitaps | News of interest | 22 Apr 2020


What is a stablecoin?

A stablecoin is a cryptocurrency created with the intention that its value remains stable.

The relationship is made with other financial assets such as raw materials, currency and even other crypto assets.

Best stablecoins:

TETHER (USDT)

Each Tether token will always be worth as much as 1 US $.

DIGIX GOLD (DGX)

Each of these tokens equals 1 gram of gold from London Bullion Market Association (LBMA) refineries.

PETRO (PTR)

This is stablecoin that is backed with part of the natural reserves of the Venezuelan State.

GOLD PAX (PAXG)

It is backed by London Good Delivery gold and each token of this satablecoin represents 1 fine troy ounce of a gold bar.





PHOTO

Picture of Markus Spiske at Pexels

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Boltvitaps
Boltvitaps

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