Gold-backed stablecoins will outcompete USD stablecoins — Max Keiser

Gold-backed stablecoins volition outcompete US dollar-pegged alternatives worldwide owed to gold's inflation-hedging properties and minimum volatility, according to Bitcoin (BTC) maximalist Max Keiser.

Keiser argued that golden is much trusted than the US dollar globally, and said governments of overseas nations with an adversarial narration to the United States would not judge dollar-pegged stablecoins. The BTC maximalist added:

"Russia, China, and Iran are not going to judge a US dollar stablecoin. I foretell they volition antagonistic the USD stablecoin with a Gold one. China and Russia person a combined 50,000 tonnes of Gold — much than what is reported."

The imaginable for gold-backed stablecoins to outcompete dollar-pegged tokens successful planetary markets would upend plans to extend US dollar dominance done stablecoins projected by US lawmakers.

Source: Max Keiser

Related: Gov’t tin recognize gains connected golden certificates to bargain Bitcoin: Bo Hines

Gold-backed stablecoins fulfill the archetypal committedness of USD?

Stablecoin issuer Tether launched a gold-backed stablecoin called Alloy (aUSD₮), backed by Tether's XAU₮ — a token that provides a insubstantial assertion to carnal golden — successful June 2024.

According to PointsVille laminitis and erstwhile VanEck enforcement Gabor Gurbacs, "Tether Gold is what the dollar utilized to beryllium earlier 1971."

"XAU₮ is up 15.7% year-to-date, portion the wide crypto marketplace is successful the red. Foundations and businesses should hedge their holdings with XAU₮," the enforcement wrote successful a March 19 X post.

XAUT is present astatine all-time highs pursuing a historical rally successful the golden market. Source: Gabor Gurbacs

US policymakers person a antithetic idea

United States Treasury Secretary Scott Bessent said that the Trump medication would absorption connected utilizing dollar-pegged stablecoins to protect the dollar's reserve currency status and guarantee US dollar hegemony successful planetary fiscal markets.

Speaking astatine the March 7 White House Crypto Summit, Bessent indicated that this stablecoin authorities would beryllium a apical precedence for the administration.

Federal Reserve politician Christopher Waller besides voiced akin comments and expressed enactment for utilizing stablecoins to prop up the US dollar earlier Bessent made the remarks astatine the summit.

US lawmakers person besides introduced respective stablecoin bills to found a broad regulatory model for tokenized fiat assets, including the Stable Act of 2025 and the GENIUS stablecoin bill.

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