To Minimize Volatility, Zimbabwe Introduces Gold-Backed Crypto

Emerging market countries have seen the volatility of their local currency fluctuate amid rising interest rates and inflation. The country of Zimbabwe is hoping to alleviate the volatility with the introduction of a gold-backed cryptocurrency. “The tokens will be a form of electronic money backed by the country’s gold reserves, which will be held by [...] The post To Minimize Volatility, Zimbabwe Introduces Gold-Backed Crypto appeared first on ETF Trends .