Binance USD vs USDQ vs Gold Bits Coin
What problem does this service solve?
Binance USD allows traders to convert US Dollars to a digital version without trading fees. | USDQ is a stablecoin designed to facilitate investing in blockchain projects. | Gold Bits Coin wants to create a digital currency with less price volatility, that will be backed by gold. |
Token Stats
Company Description
Binance USD stablecoin is backed by US Dollars, and is issued in partnership by Binance and Paxos. The coin is approved by the New York State Department of Financial Services (NYDFS), and allows traders to convert US Dollars to a digital version without trading fees. | USDQ is a stablecoin that is pegged to the US Dollar and is collateralized with Bitcoin. USDQ was issued by a company called Platinum Securities that offers STO and market making services. | Gold Bits Coin is developing a digital currency that is backed by gold. They hope to create a digital asset with less price volatility that can be used as a medium of exchange. GBC is built on Ethereum. Their marketing materials are unclear about how much gold they have in reserve to back each Etherreum-based token. |