If every ETH wallet was verifiably linked to a particular individual, and if each token's ownership rights to the gold assets in the wallet was guaranteed by any state, our users would be subject to great risks when storing, using, and transferring these assets. If you are interested in that sort of services, there are companies on the market that provide them. However, you should be ready to report on your holdings and provide a number of documents (like your ID and a proof of provenance for the funds) every time you sell, buy, or transfer tokens. Since the official regulations governing that kind of operations constantly change, it's impossible to predict what will happen to companies that facilitate transactions with physical gold for individuals.
Regards,
Support Team @ Digital Gold
https://gold.storage (
https://gold.storage)
This is bordering on using FUD to justify the non convertibility of your tokens.
I doubt you know the real meaning of stablecoin in this space. You should educate yourself.
"The real meaning of stablecoin"....what is that, exactly?
For a token to be a commodity (gold, in this case) backed stablecoin, I would say that actual convertibility to the backing asset is an essential part of the definition, otherwise what do you have?
Just an unleveraged gold tracking derivative, nothing more.