Blue Gold plans to launch digital tokens pegged to gold production

According to Shenchao TechFlow, Nasdaq listed company Blue Gold announced plans to launch a gold-backed digital token. The company owns a mine in Ghana and has disputed licensing rights. CEO Andrew Cavaghan said the digital token will be pegged to future gold production and may succeed as a currency form globally. People can feel the authenticity of the token and can be used for consumption or exchanged for physical gold. Previously, stablecoin giant Tether has negotiated with mining and investment groups to plan to invest in gold mining and invest cryptocurrency profits into the gold market.