Max Keiser, a prominent Bitcoin maximalist, argues that gold-backed stablecoins will surpass US dollar-pegged alternatives due to gold's historical acceptance as a reliable currency and its ability to hedge against inflation and volatility. He suggests that countries with tense relations with the US, such as Russia, China, and Iran, may reject dollar-backed stablecoins in favor of gold alternatives, as these nations collectively hold significant gold reserves. Keiser notes that a token like Tether Gold could represent a return to the qualities of the dollar before it was fully detached from gold in 1971. As gold-backed stablecoins gain traction, US policymakers are pushing for a framework to support dollar-pegged tokens in an effort to maintain US dollar dominance in global markets.

Source đź”—