Cryptocurrency with gold back stability

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Gold-backed stablecoins are asset-backed stablecoins that have physical gold as their underlying asset. Their prices are pegged to gold, making them a less. Stablecoins achieve their price stability via collateralization (backing) or through algorithmic mechanisms of buying and selling the reference asset or its. Gold backed crypto offers protection against inflation by acting as a hedge against currency devaluation, allowing investors to maintain their purchasing power.