Senior advisor to El Salvador’s president: Gold-backed stablecoins will outperform dollar-pegged stablecoins

Odaily News Max Keiser, a senior Bitcoin advisor to the President of El Salvador, said that due to gold's inflation hedging properties and minimal volatility, gold-based stablecoins will outperform stablecoins pegged to the US dollar globally. He believes that gold is more trusted than the US dollar globally, and said that foreign governments that have a confrontational relationship with the United States will not accept stablecoins pegged to the US dollar. (Cointelegraph)