Gold-Backed Stablecoins Predicted to Surpass Dollar-Pegged Alternatives Globally

According to PANews, Max Keiser, a senior Bitcoin advisor to the President of El Salvador, has expressed that stablecoins backed by gold are expected to outperform those pegged to the U.S. dollar on a global scale. Keiser highlights gold's inflation-hedging properties and minimal volatility as key factors contributing to its potential superiority. He argues that gold is more trusted worldwide compared to the dollar and suggests that foreign governments in opposition to the United States are unlikely to accept dollar-pegged stablecoins.