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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.
Tether Gold (XAUT) has gained 14% as gold hits 3,040 USD, showcasing its appeal during economic turmoil.
The U.S. Dollar is experiencing inflation challenges, causing traders to seek refuge in assets like gold and Tether Gold, especially amid a 30% drop in the total crypto market cap.
The official launch of Tether Gold (XAUT) on UZX represents a key development, facilitating access to a gold-backed stablecoin for users. It appeals to those interested in incorporating secure, tangible assets into their digital portfolios.
XAUT reached 64,031,067 VNDC, changed 0.61% in the last 24 hours. Trading volume was $ 220.97k.
XAUT reached 64,000,545 VNDC, changed 1.23% in the last 24 hours. Trading volume was $ 222.59k.
XAUT reached 63,858,276 VNDC, changed 0.97% in the last 24 hours. Trading volume was $ 24.88k.