Max Keiser: Stablecoins backed by gold will surpass stablecoins pegged to the dollar in the global market

According to Bitcoin extremist Max Keiser, due to gold's inflation-resistant characteristics and minimal volatility, gold-backed stablecoins will surpass dollar-pegged alternatives globally. Keiser believes that globally, gold is more trusted than the US dollar and states that foreign governments hostile to the United States would not accept a dollar-pegged stablecoin. This Bitcoin extremist added: "Russia, China, and Iran will not accept a dollar stablecoin. I predict they will use a gold stablecoin against the dollar stablecoin. China and Russia together have 50,000 tons of gold, even more than reported." The potential for gold-backed stablecoins to surpass dollar-pegged tokens in international markets could disrupt plans proposed by U.S lawmakers to expand the dominance of the U.S Dollar through Stablecoins.