Australia has released its own “digital gold”

PMGT token will allow real-time trading with precious metals – Perth Mint in Australia on October 11th supported the launch of a new token, which is allowing investors to trade with precious metals in real time.

The PMGT digital coin is 100% backed by real gold and is controlled by the government of Western Australia, which is the sole owner of the mint.

“PMGT is digital gold that allows users to conveniently acquire the right to physical gold stored in the Perth Mint in a reliable and economical way” – the developers said. Token issued based on Ethereum.

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According to the developers, PMGT should be an alternative to stablecoins backed by the US dollar. The task of the token is to give investors the opportunity to hedge risks, opposing market volatility.

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