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Gold-Backed Cryptocurrency Aims To Tap Stablecoin Appeal

Nov.21 -- In this week’s “Commodity-In-Chief” on “Bloomberg Commodities Edge”, Alix Steel talks with Danny Masters, chairman of CoinShares, which is betting that trading a digital gold asset linked to bitcoin may provide investors with a sense of security. The launch of the product, called DGLD, included $20 million of the digital metal tied to an offset of bitcoin’s blockchain, with each token representing a 10th of a troy ounce.

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