Reddit Posts
Tether Announces Expansion of Euro EURT, XAUT on ‘World’s First Social Infused Exchange
Introducing Aurus - Tokenized Precious Metals
Issuer of TrueUSD (TUSD) release liquid tokenized TGOLD, fully backed by physical bars, and as the first such token with the ability to mint/redeem at live gold spot rates, solves the issue of poor liquidity of PAXG and XAUT.
Should we worry about stablecoins after Terra crash? what are the risks of stablecoins?
Why is USDT still the 3rd crypto for market cap?
Market cap of Gold-backed cryptos has surpassed $1B
5 Gold-Backed Cryptocurrencies Compared For 2021
Mentions
XAUT (tokenised gold) Disclaimer: T is for Tether
Very cool! A couple alternatives are XAUT and PAXG.
PAXG, XAUT and PGMT exist too FYI. They can use the same tech without having to begin from scratch
I keep some XAUT (Tether Gold) instead for an emergency fund with a lesser risk quotient
Pretty funny because it already exists. XAUT is a token backed by gold and distributed by Tether
So bullish on gold backed tokens now ? PAXG ? XAUT ? KAU ?
What you're looking for does exist, by the stablecoin issuer of TrueUSD (TUSD) they recently released liquid tokenized Gold TGOLD, fully backed by physical bars, and as the first such token with the ability to mint/redeem at live market rates, solves the issue of poor liquidity of PAXG and XAUT. I still strongly advocate holding physical gold, but for liquidty on demand, I believe TGOLD cannot be beaten, as a stablecoin that also has upside potential for the price of gold. Furthermore, unlike PAXG and XAUT tokens, TUSD solution has no "freeze" function, so there is no worry that anyone can shut you out of your coins, and you are free to convert back and forth between stablecoins instantly without fees.
What you're looking for does exist, by the stablecoin issuer of TrueUSD (TUSD) they recently released liquid tokenized Gold TGOLD, fully backed by physical bars, and as the first such token with the ability to mint/redeem at live market rates, solves the issue of poor liquidity of PAXG and XAUT. I still strongly advocate holding physical gold, but for liquidty on demand, I believe TGOLD cannot be beaten, as a stablecoin that also has upside potential for the price of gold. Furthermore, unlike PAXG and XAUT tokens, TUSD solution has no "freeze" function, so there is no worry that anyone can shut you out of your coins, and you are free to convert back and forth between stablecoins instantly without fees. checkout https://tusd.gold
Yes, XAUT (Thether Gold), amongst others.
"Keiser currently claims to be a Bitcoin maximalist, despite having personally promoted a variety of tiny altcoins, including Quark (QRK), StartCoin (START), and his own ICO, MaxCoin (MAX). He remains a staunch proponent of Tether (USDT), Tether Gold (XAUT), and Bitfinex." Enough said.
What about non dollar pegged stablecoins like agEUR, EURS, or basically every Jarvis Protocol Jtoken? Or gold backed stables like PAXG or XAUT?
Yes, that's totally the case. PAXG is issued by an American company, so it would be prone to any sanctions imposed by US government. Might have better luck with XAUT but it has 20x less liquidity (volume).
There's XAUT already, in case you don't know
Reminder if you want to invest in gold there are easy to buy stablecoins for it PAXG and XAUT.
Well, there are better safe havens in general and in crypto (USDC or XAUT) but for an actual crypto currency, Bitcoin is probably the best for a ‘safe-haven’
They already had EURT (euro) and XAUT (gold)
tldr; Gold is a well-known investment product and a historical hedge against economic turmoil and inflation. Gold prices tend to perform best in a challenging financial environment – during a crisis, wars, shakedowns, and whatnot. Gold-pegged cryptocurrencies allow users to purchase, trade, and receive exposure to gold without having to worry about physical storage and custody. Paxos Gold (PAXG) and Tether Gold (XAUT) are among the most popular gold-backed cryptocurrencies. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
The problem would be regulation, afaik there are other alternatives to PAXG, such as Djed (from Cardano) and XAUT (from Tether) Problem is Djed isn't out yet, and Tether has a shady history, while PAXG's supply is fully backed 1:1, where one ounce = 1 PAXG, it's also regulated and approved by NYDFS
Paxos Gold (PAXG-USD) Tether Gold (XAUT-USD) Perth Mint Gold Token (PMGT-USD) Why not just buy the OG gold then
tldr; Gold-backed stablecoins are gaining traction, outpacing the overall growth of the crypto market. Gold prices have gained 4.67% since the start of February, hitting a multi-month high. The two largest gold-backed tokens by trade volume are Tether Gold (XAUT) and PAX Gold (PAXG). *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
PAXG and XAUT already exist, and both are flawed, as XAUT is owned by tether, and PAXG is only on eth and has a .1% tax every time you move it making it a pain in the ass, not to mention the gas, but synthetic or pegged gold definitely has potential
2 Gold-Backed Crypto Asset Market Caps Near $1 Billion, XAUT Jumps 19,000% in 23 Months
I thought hedges like Gold and - supposedly Crypto, would RISE as the market fell - I see Tether Gold (XAUT) is up - why is BC, Doge and Shinu down?
Is tethers XAUT project more trustworthy than their USDT project ?
There's also XAUT (screw Tether, still).
Paxos are based in New York so they have to follow US laws, its pretty safe. Tether Gold (XAUT) is what you need to stay away from
“Kitco Gold is launching a gold-backed stablecoin backed by a single troy ounce of fine gold. The company has partnered with the custodian First Digital Trust, the blockchain provider Tradewind Markets, and tokenization firm Stably. Kitco's ERC20 tokens will be backed by gold reserves held in Directreserve vaults. The well-known CPA verification firm Cohen & Company will bolster the coin's attestation process. Tradewind Markets CEO "Trust and verification are hallmarks of a well-functioning market" KGLD will face projects like Tether Gold (XAUT), Digixglobal (DGX), PAX Gold (PAXG), Perth Mint Gold Token (PMGT), Gold Coin (GLC) In 2020, on a few occasions reports had shown gold-backed tokens were fetching premiums. Tradewind markets is the world's first publicly traded company to create a gold token.” -Summary provided by Sum_It_Up_Bot
No. Read the article. It's a stable coin that tracks the price of gold. Much like Pax Gold (PAXG) or Tether Gold (XAUT).
Uniswap “Delists” Token And DeFi KYC Concerns Decentralized exchanges are well-known as anti KYC and privacy is the main gun of them against centralized exchanges. Sales Wallet Sales Wallet Jul 28 · 5 min read Last Friday, Uniswap shook the crypto community to the core, when Uniswap Labs announced that it would be delisting certain tokens from its decentralized Exchange. The full list of affected tokens can be found on Uniswap’s GitHub which is not easy to go through if you’re not a developer. From what I was able to gather, all synthetic tokens from crypto projects like Synthetix (SNX) and UMA have been banned as well as tokenized stocks from Terra’s Mirror Protocol, and oddly enough Tether’s gold back token XAUT. More than a thousand people protested the move on Twitter, asking why UNI token holders had no say in the matter and claiming that this is the beginning of the end for Uniswap. Uniswap founder Hayden Adams responded by highlighting the fact that there is a difference between the Uniswap Interface and the Uniswap Protocol. This is because the interface is the centralized website owned and operated by Uniswap Labs, and the protocol itself is governed by the community. Besides the fact that there have been ample problems on the community government side as well many are starting to wonder if and when Uniswap will force traders to use KYC to access their DEX via the Uniswap interface. “The world’s leading decentralized exchange, Uniswap, has announced the delisting of a number of tokens from its app interface.” Uniswap Labs made the announcement on Friday, emphasizing that the tokens had been removed from the app interface only and that the protocol remains immutable: “These changes pertain to the interface at app.uniswap.org — the Protocol remains entirely autonomous, immutable, and permissionless.” To add insult to injury comments made by Uniswap’s growth lead during a presentation at the Ethereum community conference last week suggest this is a very real possibility. Now this talk was mysteriously deleted on YouTube but re-uploaded to Filecoin’s interplanetary file system, presumably because it discusses Uniswap’s own discussions with large players such as PayPal and Robin Hood. As far as I understand these big players want to integrate with Uniswap but are hesitant to do so because of a lack of KYC on Uniswap’s end. Because what exactly was said during the 20-minute presentation is open to interpretation. n my opinion it’s more likely that Uniswap will roll out a permissioned DEX in the same way that AAVE has rolled out permission pools for its borrowing and lending protocol. Whether this will be enough to satisfy regulators remains to be seen, but at the rate that cryptocurrency is growing, the crypto lobbyists should be able to keep any severe sanctions at bay. If you want to get more details about Uniswap and V3, you can read my most recent Uniswap Medium post below. Uniswap V3 Is Coming. What Does It Mean For UNI? After V1 and V2, V3 is also coming. So, what process will change for Uniswap? medium.com LP Tokens & DeFi Composability “Whenever an LP provides two cryptocurrencies as liquidity to an AMM pool, they are given a corresponding amount of LP tokens. LP tokens ERC-20 tokens on Ethereum that act as a receipt for the cryptocurrency being provided as liquidity in an AMM pool.” “The cool thing is that LP tokens can actually be traded for other cryptocurrencies on DEXs like Uniswap.” “This might seem like a mind-bender, but remember that these LP tokens can be redeemed for very real cryptocurrency this deposit into a DEX like Uniswap as liquidity. These LP tokens are one of the backbones of calm possibility, which is the ability for DeFi applications to interact and build on each other like money legos
That’s sounds awfully like a scam. If it’s pegged to gold, then it would be like PAXG or XAUT. There’s no way an asset will increase forever, or everyone would buy it
That’s interesting. I personally feel like more people will go for tokenized gold, like PAXG or XAUT, to be able to hold and earn interest on their gold in the blockhain, and perhaps turn to other digitalized assets
There is paxos gold (PAXG), tether gold (XAUT), and meld gold on Algorand.
PAXG and XAUT never crashed?
I like your idea but companies aren't tangible. Shares are simply an expression of a right to a share in profits or the underlying assets of a company on winding up - they're an intangible asset, they just have a reassuring degree of regulation. Similarly, bonds are believed to be secure, but they're simply a contract right. I'd consider myself an investor. I'm not balls deep in crypto by any means, at best knee-deep. I don't think that the issue is tangibility, I think that the issue is understanding and regulation. My belief is that the stablecoins have a greater chance of promoting widespread adoption than utility tokens. The "tangibility" aspect is just a crutch to lean on when confused by the value proposition of crypto tech. It's quite easy to see how a building is held together, simple to prove that companies make money, reassuring to have national regulators censure bad practice and punish rogue trading. It's definitely not a perfect system, but there's at least an element of trust. Crypto is still like the wild west. You can buy utility tokens, but who knows if that chain is getting adopted? BTC and ETH are currently top dogs, but Skype had historical dominance of video calling until its time to shine came and Zoom came out of nowhere to become the industry standard. Even with the Plutus playground, it's not readily obvious how smart contracts work on Cardano. Sure, the Blockchain is public, but how many people can actually read it? Tech is *scary* for retail investors. Now stablecoins anyone can understand. £1 represented digitally? Yup, sounds like a bank. PAXG/ XAUT? Sounds like those vaulted gold schemes that have been around forever. Now I can drop them off to a CeFi institution - basically a bank - and I'm protected by trust laws and their insurance? Ok, it's riskier than a state sponsored bank, but that's why I'm getting 10% interest, right?
Idk if you're joking, so in case you're not, here are a few: * PAXG * PMGT * DGX * GLC * XAUT * Meld Gold