At the Consensus HK event, William Campbell highlighted a unique feature of the USDKG stablecoin, which differentiates it from typical stablecoins. Unlike most stablecoins that maintain reserves in traditional financial instruments like Treasury bills or bonds, USDKG holds its reserves in gold. This approach aims to provide a different level of stability and security for the stablecoin, as discussed during the CoinDesk Live session in partnership with Hex Trust.
USDKG Stablecoin Reserves Backed by Gold, Not Traditional Assets
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