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GOLD Backed Crypto?! Here's All You NEED To Know!!AurusGOLD, also known as AWG, is a gold-backed token collateralized by, and redeemable for 1 gram of % gold from LBMA certificate. 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. Each Pax Gold (PAXG) token is backed by one fine troy ounce of gold, stored in LBMA vaults in London. If you own PAXG, you own the underlying physical gold.
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