Bitcoin maximalist Max Keiser claims that gold-backed stablecoins will soon surpass USD-pegged counterparts due to the stability and historical role of gold as a hedge against inflation.
Max Keiser's Predictions
Keiser asserts that countries with antagonistic relations with the U.S., such as Russia, China, and Iran, are unlikely to adopt USD-pegged stablecoins. Rather, they are expected to promote their own gold-backed solutions. Keiser notes that China and Russia collectively hold over 50,000 tonnes of gold that can support digital currency issuances. These countries aim to reduce the dollar's influence in the global financial system by preferring more stable gold alternatives.
Tether and Gold-Backed Digital Assets
In line with these trends, Tether introduced a new gold-backed stablecoin called Alloy (aUSD₮), backed by Tether's XAU₮ token representing physical gold. Tether founder Gabor Gurbacs highlighted the benefits of XAU₮, comparing it to the US dollar before the 1971 suspension of the gold standard. Since its launch, XAU₮ has outperformed many digital assets, increasing 15.7% year-to-date.
U.S. Response: Stablecoin Regulation
U.S. officials are determined to maintain the dollar's position as the world's leading currency despite facing several challenges. U.S. Treasury Secretary Scott Bessent and Federal Reserve Governor Christopher Waller emphasized integrating stablecoins into the financial framework to bolster the dollar's standing. American legislators developed various frameworks to regulate stablecoins, incorporating them into the Stable Act of 2025. These proposed measures aim to strengthen the role of USD-pegged tokens in world finance.
With the growth of gold-backed stablecoins, the possibility of reducing the dollar's global influence becomes tangible. Meanwhile, the U.S. continues its efforts to regulate this sector to maintain its economic leadership.
