"That is a very strong provision of the system and distinctly different than any of the cryptocurrency. A new gold - backed digital currency has been launched by CMO Inc , operating as COEPTIS , which is billing itself as more compliant , liquid , and reliable as a store of value than its non - gold - backed peers . The platform for the new currency platform has been under beta testing for two months and is to expand its membership to 100 participants over the next two weeks . The currency is called Global Standard Gold ( AUG ) , and is backed by physical gold , which is held in a trust account . The currency aims to combine some of the positive aspects of both digital and physical currency , pairing efficiency of use of a digital currency with the benefits of gold - backing ; while cryptocurrency industry leaders have looked for such a currency for years , AUG appears to be the first to market .
A new gold - backed digital currency has been launched by CMO Inc , operating as COEPTIS , which is billing itself as more compliant , liquid , and reliable as a store of value than its non - gold - backed peers . The platform for the new currency platform has been under beta testing for two months and is to expand its membership to 100 participants over the next two weeks . The currency is called Global Standard Gold ( AUG ) , and is backed by physical gold , which is held in a trust account . The currency aims to combine some of the positive aspects of both digital and physical currency , pairing efficiency of use of a digital currency with the benefits of gold - backing ; while cryptocurrency industry leaders have looked for such a currency for years , AUG appears to be the first to market .