NewsBTC 2025-06-21 21:30:47

Stablecoin Wars Ignite: Peter Schiff Champions Gold-Backed Digital Assets

Stablecoin backing is under fresh fire after outspoken economist and gold supporter Peter Schiff took aim at tokens tied to US dollar reserves. He argues that relying on a fiat currency he views as shaky makes little sense when a more stable asset exists. Related Reading: Bitcoin Nears Climax, But A Twist Awaits—Analyst Reveals Key Insight His comments have reignited a long‑running debate about what should sit behind digital coins that promise a steady peg. Schiff Questions Fiat Backing According to Schiff, it makes no sense to support a token pegged to a currency that can be inflated away. “I get Bitcoin, but not US dollar stablecoins,” he wrote in a social media post. He pointed out that fiat money can be printed in large amounts, while gold has a fixed supply and centuries of use as money. Schiff said gold cannot be easily devalued by inflation or reckless monetary policies. I get Bitcoin, but not U.S. dollar stablecoins. If you’re going to introduce a third party custodian, why settle for a token backed by a flawed fiat currency like the dollar, when you can own one backed by gold? You get the same liquidity, but you also get a real store of value. — Peter Schiff (@PeterSchiff) June 19, 2025 Gold‑Backed Tokens On The Rise Based on reports, gold‑backed stablecoins are seeing more interest from investors worried about inflation and dollar weakness. Tokens like Tether Gold (XAUT) and Paxos Gold (PAXG) let users move digital claims on physical gold. These assets give the same quick transfers and high liquidity as dollar‑pegged coins but tie each token to real metal stored in vaults. Regulatory Scrutiny Intensifies Regulators across the globe are racing to establish precise regulations for stablecoin reserves. Congress members in the US are considering tighter reserve and audit requirements. Europe and Asia are creating their own regulations to achieve transparency and safeguard users. Schiff’s call for gold introduces additional context to these discussions. It could lead regulators to explore whether commodities can serve as backing for tokens under particular regimes. Market Reaction Mixed According to reports, Schiff’s tweet trended, garnering over 500,000 views within 24 hours. Crypto naysayers applauded his observation on fiat risk. Other investors cautioned that gold-backed tokens have higher fees and cumbersome custody expenses. They explained that transferring metal or establishing physical reserves introduces friction when compared with exchanging dollar-backed coins at a bank custodian. Related Reading: Dogecoin Breaks Free—Could Soar 60%, Analyst Says Investors also pointed out that stablecoins are widely used in lending, trading and payments within DeFi platforms. Dollar‑pegged tokens like USDC and USDT dominate these flows because they tie directly into existing banking rails. Gold‑backed coins, by contrast, tend to be held as digital bullion rather than spent on everyday transactions. Featured image Imagen, chart from TradingView

La maggior parte ha letto le notizie

Expert Predicts Face-melting XRP Breakout. He...
2025-06-22
Despite Stablecoin Boom, PayPal’s PYUSD and S...
2025-06-22
Ethereum Staking Surges Past 35 Million ETH,...
2025-06-22
SPX6900 price prediction 2025-2031: Will SPX6...
2025-06-22
Bitcoin Stability Amid US-Iran Conflict Escal...
2025-06-22
Adam Back Suggests MicroStrategy’s Bitcoin Pr...
2025-06-22
Whale Address Deposits 400 BTC into Binance A...
2025-06-22
Hacken: How a 251M token mint shook HAI to it...
2025-06-22

Notizie correlate

Byreal Launches with Strategic Support from Bybit...
22 Jun 2025
Business Founder Explains How to Join 1% Successfu...
22 Jun 2025
XY Miners: How XRP Investors Can Unlock Daily Inco...
22 Jun 2025
Ethereum Whales May Be Engaging in a Second Round...
22 Jun 2025
Grant Cardone Calls Bitcoin Treasury Companies the...
22 Jun 2025
$50M Telegram scam exposed! – 4 altcoins targeted:...
22 Jun 2025

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta