Gold-Backed Stablecoins Set to Overtake Dollar-Pegged Alternatives Worldwide
The future of stablecoins could be shifting toward gold. According to PANews, Max Keiser, senior Bitcoin advisor to El Salvador’s president, believes that gold-backed stablecoins will surpass dollar-pegged counterparts on a global scale.
Keiser points to gold’s stability and role as a hedge against inflation, arguing that it holds greater trust worldwide than the U.S. dollar. He also suggests that countries critical of U.S. monetary policies may be reluctant to adopt dollar-backed digital assets, making gold-backed alternatives more appealing.
With growing concerns over inflation and global de-dollarization trends, could gold-backed stablecoins become the new standard? Let us know your thoughts!
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