CoinSpot listing new Gold and Silver Standard
Gold is certainly grabbing headlines lately, having surpassed all-time record highs in Aussie dollar terms amid growing global economic and geopolitical uncertainty.
However, getting one’s hands on the precious metal – and in fractional amounts – is not always that easy for everyday people.
In an Australian first, one of the country’s preeminent bullion dealers is combining the 5,000-year-old monetary metal with the new age of blockchain technology.
Australia’s most popular crypto exchange, CoinSpot, has just listed the new “Gold Standard”, this first-of-its-kind gold-backed digital asset and stablecoin.
And it’s not just gold – Gold Standard is being joined by its silver equivalent, Silver Standard.
This new offering will give newcomers and experienced crypto traders alike an asset-backed crypto token using the Ethereum blockchain.
The tokens allow longer-term investment as well as a stablecoin for traders to park profits in-between trades without converting to Aussie dollars.
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