Gold-backed stablecoins will outcompete US dollar-pegged alternatives worldwide due to gold's inflation-hedging properties and minimum volatility
Bitcoin (BTC) maximalist Max Keiser believes gold-backed stablecoins will outcompete US dollar-pegged alternatives in international markets due to gold’s inflation-hedging properties and minimum volatility.
In a recent series of posts, Keiser argued that gold is more trusted than the US dollar globally, and said governments of foreign nations with an adversarial relationship to the United States would not accept dollar-pegged stablecoins. The BTC maximalist added:
It’s clear that gold-backed stablecoins will outcompete USD-backed tokens in international markets. Plans by US lawmakers to extend USD dominance through stablecoins are backfiring spectacularly.
The potential for gold-backed stablecoins to outcompete dollar-pegged tokens in international markets would upend plans to extend US dollar dominance through stablecoins proposed by US lawmakers.
Earlier this year, several US lawmakers drafted legislation to regulate stablecoins, aiming to create a comprehensive regulatory framework for tokenized fiat assets.
Among the notable bills introduced include the Stable Act of 2025, sponsored by Rep. Bill Foster (D-IL) and ranking member of the House Financial Services Committee, and the GENIUS stablecoin bill, crafted by Rep. French Hill (R-AR), both of which aim to regulate stablecoins in a bid to mitigate systemic risk and protect investors.
However, these bills face an uncertain future as Congress prepares to recess for the summer. Despite the brisk pace of activity in the House, no vote on a major financial services bill is yet scheduled.
Stablecoin issuer Tether launched a gold-backed stablecoin called Alloy (aUSD₮), backed by Tether’s XAU₮ - a token that provides a paper claim to physical gold - in June.
According to PointsVille founder and former VanEck executive Gabor Gurbacs, “Tether Gold is what the dollar used to be before 1971.”
“XAU₮ is up 15.7% year-to-date, while the broad crypto market is in the
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