Being a stablecoin does not mean it will have a fixed value over time, but it won't be even close to the volatility you see on the other cryptocurrencies. GOLD is backed by physical real gold and is pegged to the spot price of Gold as Digital Gold is also providing liquidity for it aka doing market making and supporting the buying pressure to maintain a stable value. You can see the spot, purchase and redemption price through the Digital Gold gateway on their website:
https://gold.storage/en/marketOw I see the price of this AKA GOLD is the same as the price of the real gold in gram just saw this while checking the price of this gold from here
https://goldprice.org/It seems this project is good if ever this will be listed on big exchanges we can use this GOLD to buy real physical gold or sell this to have physical gold.
Since the price of gold is likely stable not so aggressive like altcoin we can use it as a stablecoin.