什么是黄金支持的Stablecoins，它们如何工作？

黄金支持的稳定币是将数字货币固定在物理金储备中，旨在保持稳定的价值。黄金支持的数字货币的概念可以追溯到加密货币的早期，开发人员旨在创建可靠的价值存储。

Gold-backed stablecoins are a type of digital currency that are pegged to the price of gold. This means that each token can be exchanged for a fixed amount of gold, or vice versa. The goal of gold-backed stablecoins is to provide a stable and reliable store of value in the cryptocurrency market, which can be highly volatile.

黄金支持的Stablecoins是一种数字货币，将其固定在黄金价格上。这意味着每个令牌可以交换为固定量的黄金，反之亦然。金牌稳定的目标是在加密货币市场中提供稳定且可靠的价值存储，这可能是高度波动的。

Each gold-backed stablecoin is linked to a specific quantity of gold. For example, one token might be equal to 1 troy ounce of gold. A troy ounce is a unit of weight used especially for measuring precious metals such as gold, silver, and platinum; it is equal to 31.1034768 grams.

每个金牌稳定的稳态都与特定数量的黄金有关。例如，一个令牌可能等于1盎司黄金。特洛伊盎司是一个重量单位，特别用于测量贵金属，例如金，银和铂。它等于31.1034768克。

The gold reserves are typically held by a third party, such as a trust company or a bank, to ensure security and transparency. The issuing entity is responsible for maintaining an equivalent amount of physical gold for every token that is issued and circulating in the market.

黄金储备通常由第三方（例如信托公司或银行）持有，以确保安全性和透明度。发行实体负责为市场上发行和流通的每个代币维持同等数量的实物黄金。

The price of the token remains closely aligned with the market price of gold. When buyers purchase the tokens, they pay the spot price of gold at the time of the transaction. Similarly, if the stablecoin is liquidated, the tokenholders can redeem their tokens for the corresponding amount of gold. In practical terms, the gold is liquidated to enable electronic fiat transfers to the tokenholders.

代币的价格与黄金的市场价格保持密切。当买家购买代币时，他们在交易时支付黄金的现货价格。同样，如果稳定币已清算，代币的人可以将其令牌兑换为相应的黄金。实际上，黄金被清算以使电子法定传输能够向代币持有人进行。

Regulators classify gold-backed stablecoins as commodity-backed stablecoins or asset-referenced tokens (ARTs), depending on the jurisdiction.

监管机构根据管辖区的规定，将带有商品支持的稳定币归类为商品支持的稳定币或资产引用的代币（艺术）。

Examples of gold-backed stablecoins include Tether Gold (XAUT), Paxos Gold (PAXG), and Alloy (aUSDT).

黄金支持的稳定剂的例子包括系绳（XAUT），Paxos Gold（Paxg）和合金（AUSDT）。

As of April 1, 2025, Tether Gold (XAUT) is being traded at $3,165. Its market capitalization is about $780.3 million, while the daily trading volume is $11.03 million.

截至2025年4月1日，Tether Gold（XAUT）的交易价格为3,165美元。它的市值约为7.803亿美元，而每日交易量为1,103万美元。