I am a layperson, but logically, if it is backed, there should be some reserve... In practice, digital currencies are very illusory, because if someone unplugs the socket, everything ends.

I HAVE A CURIOSITY THAT I KILLED TODAY, TO KNOW IF THERE WAS GOLD IN DIGITAL FORM! Lol

The $PAXG is a cryptocurrency backed by gold. Each token of this stablecoin represents 1 troy ounce of gold, which is 31 grams. This means that, with this asset, you are exposed to all the advantages of gold, but without bureaucracy, without management fees, and without needing to buy a safe.