Peter Schiff: If trusting a third party is a scam for tokenized gold, then trusting a third party to hold stablecoins in USD is also a scam.\n\nOn October 26, cryptocurrency critic Peter Schiff tweeted that if trusting a third party for tokenized gold is a scam, then trusting a third party to hold stablecoins in USD is also a scam. "Surprisingly, many Bitcoin users who support and frequently use stablecoins claim that tokenized gold is a scam. Their argument is that you must trust a third party to hold their gold. But how is this different from tokenized USD? Tokenized USD also requires trusting a third party to hold their dollars."