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New BRICS Gold Currency?This study investigated the safe-haven role of two gold-backed Islamic cryptocurrencies, i.e., OneGram Coin (OGC) and X8X Token (X8X), for 15 Islamic equity. Gold-backed stablecoins are asset-backed stablecoins that have physical gold as their underlying asset. Their prices are pegged to gold, making them a less. Each Pax Gold (PAXG) token is backed by one fine troy ounce of gold, stored in LBMA vaults in London. If you own PAXG, you own the underlying physical gold.