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    Home » Gold-Backed Stablecoins Contest the Digital Supremacy of the US Dollar
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    Gold-Backed Stablecoins Contest the Digital Supremacy of the US Dollar

    By adminMar. 23, 2025No Comments2 Mins Read
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    Gold-Backed Stablecoins Contest the Digital Supremacy of the US Dollar
    Gold-Backed Stablecoins Contest the Digital Supremacy of the US Dollar
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    Some experts believe that gold-backed stablecoins could become a dominant force in global finance, offering an alternative to digital assets pegged to the US dollar.

    Aqua Ad Server Asynchronous JS Tag – Generated with Revive Adserver v5.5., offering an alternative to digital assets pegged to the US dollar.

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    Bitcoin advocate Max Keiser argues that gold’s stability and reputation as a hedge against inflation make it a more attractive choice, especially for countries looking to distance themselves from US financial influence.

    Keiser suggests that nations such as Russia, China, and Iran are unlikely to embrace stablecoins tied to the dollar. Instead, he predicts they will create their own gold-backed versions, leveraging their vast gold reserves—potentially exceeding publicly available estimates. If this trend materializes, it could disrupt Washington’s efforts to extend the dollar’s reach through stablecoins.

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    Gold-pegged stablecoins are already emerging in the market.

    In mid-2024, Tether introduced Alloy (aUSD₮), a digital asset linked to its existing Tether Gold (XAU₮), which represents ownership of physical gold.

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    Economist Slams Bitcoin Reserve, Warns of Investor Losses Under Trump

    Financial analyst Gabor Gurbacs, formerly with VanEck, has drawn comparisons between Tether Gold and the pre-1971 US dollar, when the currency was still backed by gold reserves. He pointed out that while much of the crypto sector has struggled, XAU₮ has risen by 15.7% this year, making it a compelling option for investors looking to preserve value.

    Meanwhile, the US government has a different vision for the future of digital finance. Treasury Secretary Scott Bessent has underscored the importance of dollar-based stablecoins in maintaining the greenback’s global dominance. Speaking at a White House crypto summit on March 7, he emphasized that supporting dollar-pegged tokens would be a top priority.

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    Federal Reserve governor Christopher Waller has also expressed support for using stablecoins to reinforce the dollar’s position. To solidify this approach, lawmakers have been working on regulatory measures such as the Stable Act of 2025 and the GENIUS stablecoin bill, both aimed at creating a framework for tokenized fiat currencies.

    Alexander Stefanov

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