{"id":125619,"date":"2025-03-22T21:15:48","date_gmt":"2025-03-22T21:15:48","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125619"},"modified":"2025-03-22T21:15:48","modified_gmt":"2025-03-22T21:15:48","slug":"gold-backed-stablecoins-will-outcompete-usd-stablecoins-max-keiser","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125619","title":{"rendered":"Gold-backed stablecoins will outcompete USD stablecoins \u2014 Max Keiser"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsGold-backed stablecoins will outcompete US dollar-pegged alternatives worldwide due to gold&#8217;s inflation-hedging properties and minimum volatility, according to Bitcoin (BTC) maximalist Max Keiser.<br \/>\nKeiser argued that gold is more trusted than the US dollar globally, and said governments of foreign nations with an adversarial relationship to the United States would not accept dollar-pegged stablecoins. The BTC maximalist added:<br \/>\n&#8220;Russia, China, and Iran are not going to accept a US dollar stablecoin. I predict they will counter the USD stablecoin with a Gold one. China and Russia have a combined 50,000 tonnes of Gold \u2014 more than what is reported.&#8221;<br \/>\nThe potential for gold-backed stablecoins to outcompete dollar-pegged tokens in international markets would upend plans to extend US dollar dominance through stablecoins proposed by US lawmakers.<br \/>\nSource: Max KeiserRelated: Gov\u2019t can realize gains on gold certificates to buy Bitcoin: Bo Hines<br \/>\nGold-backed stablecoins fulfill the original promise of USD?<br \/>\nStablecoin issuer Tether launched a gold-backed stablecoin called Alloy (aUSD\u20ae), backed by Tether&#8217;s XAU\u20ae \u2014 a token that provides a paper claim to physical gold \u2014 in June 2024.<br \/>\nAccording to PointsVille founder and former VanEck executive Gabor Gurbacs, &#8220;Tether Gold is what the dollar used to be before 1971.&#8221;<br \/>\n&#8220;XAU\u20ae is up 15.7% year-to-date, while the broad crypto market is in the red. Foundations and businesses should hedge their holdings with XAU\u20ae,&#8221; the executive wrote in a March 19 X post.<br \/>\nXAUT is now at all-time highs following a historic rally in the gold market. Source: Gabor GurbacsUS policymakers have a different idea<br \/>\nUnited States Treasury Secretary Scott Bessent said that the Trump administration would focus on using dollar-pegged stablecoins to protect the dollar&#8217;s reserve currency status and ensure US dollar hegemony in global financial markets.<br \/>\nSpeaking at the March 7 White House Crypto Summit, Bessent indicated that this stablecoin regime would be a top priority for the administration.<br \/>\nFederal Reserve governor Christopher Waller also voiced similar comments and expressed support for using stablecoins to prop up the US dollar before Bessent made the remarks at the summit.<br \/>\nUS lawmakers have also introduced several stablecoin bills to establish a comprehensive regulatory framework for tokenized fiat assets, including the Stable Act of 2025 and the GENIUS stablecoin bill.<br \/>\nMagazine: Unstablecoins: Depegging, bank runs and other risks loom<a href=\"https:\/\/cointelegraph.com\/news\/gold-backed-stablecoins-outcompete-dollar-stables-max-keiser?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsGold-backed stablecoins will outcompete US dollar-pegged alternatives worldwide due to gold&#8217;s inflation-hedging properties and minimum volatility, according to Bitcoin (BTC) maximalist Max Keiser. Keiser argued that gold is&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125619"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125619"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125619\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125619"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}