UGold: A Gold-Backed Token Achieving $11.5 Billion Market Cap

UGold, a gold-backed digital asset, has grown from $6 billion to $11.5 billion in market capitalization within two and a half years. Each token is fully backed by one ounce of 99.99% pure physical gold, securely stored and deliverable globally. Developed by Genius Digital Partners, co-founded by Vasilis Oxenuk and Ilya Sorokin, UGold combines the stability of gold with the efficiency of blockchain technology. Finvasia's support has been instrumental, providing infrastructure, leadership, and a global distribution network. UGold's seamless trading across major exchanges and its near-perfect price tracking of gold underscore its status as a trusted, scalable, and fully redeemable gold-backed token.

https://www.investing.com/studios/article-382948