Gold-Backed Stablecoins Predicted to Surpass Dollar-Pegged Alternatives Globally
According to PANews, Max Keiser, senior Bitcoin advisor to the President of El Salvador, believes that gold-backed stablecoins will surpass those tied to the U.S. dollar on a global scale. Keiser emphasizes gold's role as a hedge against inflation and its relatively low volatility as key advantages. He argues that gold enjoys greater global trust than the dollar and suggests that governments opposed to the U.S. are unlikely to adopt dollar-pegged stablecoins.
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