This project was born as a result of cooperation between the UGOLD Inc corporation and the Association of the Jewelry Industry of the Republic of Uzbekistan, the country that ranks fourth in the world in terms of gold reserves and one of the top ten gold mining companies, issued a stablecoin UGOLD backed by gold at the rate of one token is equal to one ounce of gold.
At the same time, the owner of the token may also require the direct delivery of gold, the corresponding amount in the form of bars or coins, with payment of transport costs to the specified address.
Delivery is carried out by specialized services, or at the request of the owner by specialized mail with appropriate insurance.