According to Cointelegraph, Bitcoin maximalist Max Keiser stated that a gold-based stablecoin will outperform dollar-pegged stablecoins globally due to gold's inflation hedging characteristics and minimal volatility. Keiser believes that gold is more trusted worldwide than the US dollar and suggests that foreign governments with adversarial relationships with the United States will not accept dollar-pegged stablecoins.
Opinion: Gold-backed stablecoins will outperform dollar-pegged stablecoins
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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