Stablecoin Types Vol. 4 — Commodity-Backed.
09 Jan 2023, 17:50
💴Stablecoin Types Vol. 4 — Commodity-Backed💴
Our stablecoin types educational series are coming to an end, and it’s now time for the last but not least – commodity-backed stables.
💎Commodity-backed stablecoins have the backing of different types of assets such as oil and precious metals. The most common commodity used as collateral is gold, and it’s easy to see why!
After all, gold is the ultimate safe-haven asset, one undergoing very limited fluctuations, even in comparison to the real estate arena. So when we are talking safety – it hardly gets safer than a gold backing.
🔐We at VNX always put the safety of our clients first, which is why we have created Europe’s first multichain token representing direct ownership of physical gold, created by a company registered with the Liechtenstein Financial Market Authority (FMA) — VNX Gold.
👉You can find out more about it via: vnx.li/gold/