No, CELO is not backed by gold. There may be some confusion because CELO’s ticker used to be CGLD — and because Celo’s apps offer stablecoins pegged to other forms of currency, like the U.S. dollar, the euro, and the Brazilian real. But none of those stablecoins, at the moment, are directly pegged by gold. And the reserves that ensure the value of those stablecoins are filled not with gold, but with other forms of crypto.