Would Gold-pegged cryptocurrencies like PAXG be useful as a part of a portfolio long term?

Hey all,

I have been trying to test out the waters in crypto investing and the more long term "lower risk" aspects of crypto like staking and I would like to know what would you say would be the value of gold-pegged crypto in ones portfolio on a more long term outlook.

I have understood that stablecoins are a rather iffy type of coin as of late what with Luna being the scam that it was, but as a beginner I wish to try to learn more slowly and with choices which do contain a bit less volatility. I do understand that of course as with everything, even stablecoins got risk due to the item of the company who owns the coin holding on to their reserves and the legitimacy of owning such reserves but I still wish to learn more about stablecoins both pegged to the dollar and gold.

Are there coins pegged to other assets too like the Euro or other precious metals/items?