October 20, 2021

Australia Mint supported gold token issue

Australia Mint supported gold token issue

Australia's oldest gold mint guarantees 1: 1 gold security for the Perth Mint digital token launched today by InfiniGold.

The government of Western Australia decidedsupport the stablecoin linked to the precious metal and will provide GoldPass digital certificates, allowing investors to trade in real time. Tokens are developed on the basis of Ethereum.

Perth Mint will become a blockchain alternative to popular investment products such as ETFs. Since gold is its underlying physical asset, Perth The mint expects the token to be in high demand as a convenient risk diversification tool amid a slowdown in US economic growth and a weakening dollar.

The good reputation of the government of Western Australia will also contribute to this: Moody’s AA1 rating.

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