Recently, European and American countries have made constant moves towards China, American clothing brands boycotted Xinjiang cotton, Biden said at the first press conference that China would not surpass the United States during his term of office, and Sino-European mutual sanctions and other events all made the competition contradiction between China and the United States appear white-hot trend.
Since the collapse of the Bretton Woods system in 1971, when the US dollar replaced gold as the anchor of currencies of various countries, the call to return to the “gold standard” gradually emerged under the background of frequent friction between China and the United States.
Compared to the dollar excessive over-issuance, it continuously exports liquidity to emerging markets, which leads to the continuous depreciation of currencies in some countries. Gold, as a popular precious metal widely accepted by countries all over the world, has attracted people’s wide attention under turbulent environment.
ACUG is a gold-supported digital currency launched by ACU Digital Limited (ADL) in combination with the latest financial technology and blockchain technology. By making use of the traceability, non-tampering and complete transparency of blockchain, it completes the digitalization of physical gold after auditing. One ACUG is equivalent to one ounce of physical gold. It replaces traditional trading methods such as physical gold, futures and stocks with digital trading, and brings revolutionary digital changes to ancient gold trading.
The entity gold partner of ADL is Hong Kong Asia Digital Gold Company, a member of Chinese Gold and Silver Exchange Society. In order to support the first batch of ACUG tokens which were available for trading on March 22nd, ADL has completed the first batch of gold purchases, and invited internationally renowned accounting firms for audition.
Compared with the traditional gold trading method, the digitized gold trading has obvious advantages: First, the number of applicable scenarios increases, and the digitized gold token can realize accurate small share division, which can be directly applied to the payment of daily consumption scenarios and save the consumption of exchange. Second, cross-border transactions can be realized online for 7×24 hours, thus avoiding the problems such as rest days caused by time difference. Moreover, it circumvents restrictions such as foreign exchange and transaction costs. Third, it can participate in ACUG financial management project, and gain asset appreciation benefits in addition to the speculative value from international gold price fluctuations.