According to ChainCatcher news reported by Cointelegraph, Bitcoin maximalist Max Keiser stated that due to the inflation hedging properties and minimal fluctuation of gold, gold-backed stablecoins will outperform USD-pegged stablecoins globally.
Kaiser believes that gold is more trusted than the dollar globally and states that foreign governments in a confrontational relationship with the United States will not accept stablecoins pegged to the dollar.
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Summer99
· 03-23 13:18
Is it really the case? I don't think so. The collateral of stablecoins is not as important as imagined.
Viewpoint: Gold-backed stablecoins will outperform dollar-pegged stablecoins.
According to ChainCatcher news reported by Cointelegraph, Bitcoin maximalist Max Keiser stated that due to the inflation hedging properties and minimal fluctuation of gold, gold-backed stablecoins will outperform USD-pegged stablecoins globally. Kaiser believes that gold is more trusted than the dollar globally and states that foreign governments in a confrontational relationship with the United States will not accept stablecoins pegged to the dollar.