Crypto Backed Up By Gold. The most important feature of a cryptocurrency is that it is not controlled by a central authority. The decentralized nature of blockchain makes it subject to the whims of its users, not the government.
This asset can be in the form of currency, such as the us dollar, or a stock, or even a warehouse. This adaptation is an innovation from existing stablecoins that could. Tether just announced a new token called tether gold (xaut.
The platform houses its bullion in singaporean vaults, as well as canada for north american access.
The platform houses its bullion in singaporean vaults, as well as canada for north american access. Xrp and ripple just won a lawsuit & sec admits xrp might not be a security! In short, the answer is yes. The most important feature of a cryptocurrency is that it is not controlled by a central authority.