Tcoin (cryptocurrency)

Main article: Stablecoin

2018: Announcement

On January 22, 2018, Tiberius Group, a Swiss commodity investment fund, announced the launch of a cryptocurrency backed by real metals, including those used in industry, such as aluminum and copper.

The fund, which manages an investment of about $300 million, intends to issue a Tiberikoin or tcoin in July 2018, according to the fund's co-founder and executive director Christoph Eibl. Being able to exchange currency for a metal would give it minimal value and help smooth out the unpredictable volatility of other cryptocurrencies like bitcoin, he said.

Tiberius Group cryptocurrency backed by aluminum and copper

Millions of investors rushed to invest in digital currency in the hope of a quick return, as a result of which the bitcoin rate over the past 12 months first rose in price from $1,000 to almost $20,000, and then fell sharply to $12,000.

Since Tiberius Group is a serious representative of the metallurgical industry, tcoin may have a better chance of success than many other cryptocurrencies, according to Charles Hayter, founder of Crypto Compare. Unlike the decentralized cryptocurrency bitcoin does not have a single administrator, the release of tiberikoins will be under the control of the corporation.^[1]

The Tiberius Group project is not the only one of its kind. By January 2018, cryptocurrencies backed by gold already exist - such as DigixGlobal in Singapore and Goldmint in Russia. Cryptocurrencies backed by real estate and diamonds are under development, and Venezuela plans to introduce funds backed by oil and gas reserves, as well as gold and diamond deposits. Tiberikoin will be the first cryptocurrency backed by industrial metals, market analysts said.

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