Max Keiser: Stablecoins backed by gold will surpass stablecoins pegged to the dollar in the global market
According to Bitcoin extremist Max Keiser, due to gold's inflation-resistant characteristics and minimal volatility, gold-backed stablecoins will surpass dollar-pegged alternatives globally. Keiser believes that globally, gold is more trusted than the US dollar and states that foreign governments hostile to the United States would not accept a dollar-pegged stablecoin. This Bitcoin extremist added: "Russia, China, and Iran will not accept a dollar stablecoin. I predict they will use a gold stablecoin against the dollar stablecoin. China and Russia together have 50,000 tons of gold, even more than reported." The potential for gold-backed stablecoins to surpass dollar-pegged tokens in international markets could disrupt plans proposed by U.S lawmakers to expand the dominance of the U.S Dollar through Stablecoins.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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