Bitcoin Max Keizer lawyer believes that ecunines to support gold are proven to go beyond American alternatives with global adoption, citing the reputation of Gold as a reliable inflation cover and its low volatility.
Keizer maintains that many nations consider gold as a more reliable asset than the US dollar, especially those who have tense relations with the United States.
“Russia, China and Iran will not accept a stablecoin to an American dollar,” Keizer said in an article on X.
“I predict that they counter the stablecoin USD with a gold. China and Russia have 50,000 tonnes combined with gold, more than that is officially reported. ”
Golden back stables could challenge the world domination of the US dollar, warns the analyst
His comments suggest that the growing interest in the digital assets supported by gold could undermine American efforts to maintain global financial domination through stablescoins based on a dollar.
One of these products, the Tether (AUSD ₮) alloy, was launched in June 2024 and was supported by Tether Gold (XAU ₮), a physician token. Supporters argue that these tokens represent a modern alternative to the active ingredients supported by Fiat.
The former leader of Vaneck and founder of Pointville, Gabor Gurbacs, said that “gold gold was what the dollar was before 1971”, referring to the end of the Order stallion. He noted that XAU ₮ increased by 15.7% up to date, surpassing a large part of the larger cryptography market.
On the other hand, US officials are focused on preserving the role of the dollar in world finance.
The Treasury Secretary, Scott Bessent, said at the Summit of White House cryptography on March 7 that the Trump administration considers stablecoins with USD as essential tools to protect the reserve status of the dollar.
The governor of the Federal Reserve Christopher Waller echoes this feeling, stressing that the stablecoins could strengthen the domination of the dollar on a global scale.
Meanwhile, American legislators have presented several bills, including the stable law of 2025 and the engineering bill, aimed at creating a regulatory framework for digital assets supported by Fiat.
Tether engages with American legislators to shape federal regulations on the shirt
Last month, it was revealed that TETHER set out to American legislators to help shape the federal regulations in the Stablescoin sector.
As indicated, the company had discussions with the representatives Bryan Steil and French Hill, key personalities of the stable act introduced on February 6.
The CEO of Tether, Paolo Ardodino, would have confirmed that the company was also trying to contribute to two additional bills on stables proposed by other legislators.
The company also recently revealed that it worked with a Big Four accounting firm to make an audit of its reserves and confirm that each token is supported 1: 1 with assets.
Last month, the president of the federal reserve Jerome Powell confirmed the support of the Central Bank to develop a regulatory framework around the stablecoins during an audience in the Senate.
Powell said the federal reserve supports the creation of a regulatory framework for stablecoins, noting the importance of protecting consumers and savers.
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