Texas’ gold-backed coin aims to help Bitcoin adoption, says lawmaker

Lawmakers like Representative Cody Harris have championed the idea of a gold-backed digital currency as a "stepping stone" or "gateway" to Bitcoin.1 For many individuals, the volatility and perceived complexity of cryptocurrencies can be a significant barrier to entry. A state-issued digital currency, backed by a tangible asset like gold and managed by a government entity, is intended to provide a sense of security and