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AGX Coin (AGX) is Lode project launched stablecoin backed by one gram of silver and launched on Avalanche.
AGX Coins are stablecoins backed by one gram of silver. They are redeemable for physical silver on request, in increments of 100 troy ounces (larger bars are available on request). AGX Coins are legally considered pickup slips or warehouse receipts for physical metal and, as such, are considered utility tokens in most jurisdictions.
Daily Market Wrap | Aug. 08 Wall Street back-office giant DTCC mulls stablecoin integration: report Crypto industry cheers progress in 'historic' stablecoin legislation as Senate advances GENIUS Act Circle secures in-principle approval to operate as money services provider in Abu Dhabi Mastercard moves to integrate stablecoins into global payments network
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