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 invited 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 reliability of gold-backing; while cryptocurrency industry enthusiasts have called for such a currency for years, AUG appears to be the first to market.