emma_anderson_scientist
Tue Aug 06 2024
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5 answers
959
How are Gold-pegged tokens backed?
Could you elaborate on the backing mechanism for Gold-pegged tokens? How does it ensure that the value of these tokens remains stable and tied to the price of gold? Are there any audits or third-party verifications in place to confirm the authenticity and quantity of the gold backing these tokens? Also, what happens if the market value of gold fluctuates significantly? How does that impact the Gold-pegged tokens, and what measures are in place to manage such situations?
