Max Keiser believes that gold-backed stablecoins could overtake USD-pegged alternatives globally, as many countries, particularly Russia and China, trust gold more than the US dollar.

Keiser highlights that China and Russia collectively hold over 50,000 tonnes of gold, which may not be fully reported, and this strength in gold assets could reshape stablecoin dynamics.

In response to these developments, Tether is actively working with US lawmakers, highlighting the importance of regulations surrounding stablecoins to maintain the dominance of the US dollar.