Gold-backed stablecoins will outcompete USD stablecoins — Max Keiser

Gold-backed stablecoins will outcompete US dollar-pegged options worldwide as a consequence of gold’s inflation-hedging properties and minimal volatility, based on Bitcoin (BTC) maximalist Max Keiser.

Keiser argued that gold is extra trusted than the US greenback globally, and mentioned governments of international nations with an adversarial relationship to the USA wouldn’t settle for dollar-pegged stablecoins. The BTC maximalist added:

“Russia, China, and Iran should not going to simply accept a US greenback stablecoin. I predict they may counter the USD stablecoin with a Gold one. China and Russia have a mixed 50,000 tonnes of Gold — greater than what’s reported.”

The potential for gold-backed stablecoins to outcompete dollar-pegged tokens in worldwide markets would upend plans to extend US dollar dominance through stablecoins proposed by US lawmakers.

Associated: Gov’t can realize gains on gold certificates to buy Bitcoin: Bo Hines

Gold-backed stablecoins fulfill the unique promise of USD?

Stablecoin issuer Tether launched a gold-backed stablecoin known as Alloy (aUSD₮), backed by Tether’s XAU₮ — a token that gives a paper declare to bodily gold — in June 2024.

According to PointsVille founder and former VanEck govt Gabor Gurbacs, “Tether Gold is what the greenback was earlier than 1971.”

“XAU₮ is up 15.7% year-to-date, whereas the broad crypto market is within the crimson. Foundations and companies ought to hedge their holdings with XAU₮,” the chief wrote in a March 19 X post.

US policymakers have a unique concept

United States Treasury Secretary Scott Bessent mentioned that the Trump administration would deal with utilizing dollar-pegged stablecoins to protect the dollar’s reserve currency status and guarantee US greenback hegemony in international monetary markets.

Talking on the March 7 White Home Crypto Summit, Bessent indicated that this stablecoin regime could be a high precedence for the administration.

Federal Reserve governor Christopher Waller additionally voiced comparable feedback and expressed assist for utilizing stablecoins to prop up the US dollar earlier than Bessent made the remarks on the summit.

US lawmakers have additionally launched a number of stablecoin payments to ascertain a complete regulatory framework for tokenized fiat property, together with the Stable Act of 2025 and the GENIUS stablecoin bill.

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