Earlier this month, three stablecoins (Gemini, Paxos and Carbon) that are pegged 1:1 to the U.S. dollar launched with regulatory approval. But many investors don’t like the dollar’s inflationary features and some undoubtedly prefer value stored in precious metals. This week, a Switzerland-based startup launched an ERC-20 token whose price is tied to gold, opening a crypto-investing avenue that appeals to traditionalists.
Eidoo’s (Ekon) coin is redeemable for one gram of 99.9 percent fine gold.
Continue reading New Crypto Backed By Gold Bullion Makes Debut at Crypto Daily™.
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