Max Keizer, advisor to Nayib Bukele, president of Salvadoran, recently shared his perspective on stubcoin in a global context on issues related to Bitcoin (BTC).
According to financial entrepreneurs and commentators, the stupidity supported by money is better than those associated with the US dollar. This was expressed through his official profile on Social Network X.
In a clear and unbroken way, experts have revealed that the US dollar continues to lose its purchasing power over inflation, despite being more unstable than Bitcoin. In this sense I think gold is a more efficient alternative as precious metals are more stable in the long run;He also claimed he believes in the potential for deflation in BTC, but his high volatility makes him inappropriate as a Stablecoin.
The following graphics provided by TrainingView show how gold is valued in relation to dollars throughout history.
A “stable currency” backed by gold It has been in the cryptocurrency market since 2018. They are designed to maintain the value equivalent to a certain amount of gold, providing greater stability compared to market fluctuations.
Some of these projects are tether gold (xaut) y Paxos Gold (Paxg). Both are supported by ounces Troy Physical gold. Allow users to access the value of gold without having metal. The adoption of these initiatives is still in the previous stages compared to the ridiculous things like USDT and USDC. The latter is easy to integrate and use in traditional finances..
Kaiser pointed out that countries such as Russia, China, Iran and Saudi Arabia should consider adopting gold-backed stubcoins.because it helps counter the impact of the dollar in the global sector.
Financial commentators were also overwhelming in saying this. These countries do not accept the ridiculous things supported by US currency.which will lead them to counter this option with something linked to yellow metal. In fact, he commented that China and Russia already have a total gold reserve of over 50,000 tons.
Meanwhile, as reported by Cryptonoticias, China observes that it has stabilized its US impulses. This is a strategy that takes into account the key to maintaining currency advantage from the Trump government.
Chang Min, deputy director of the Institute for Finance and Banking, China Academy of Social Sciences, recently explained it. Stubcoins supported by sovereign currency tend to acquire the properties of the assets listed abovepromotes global acceptance.
According to Zhang, this is one of the main reasons Yuan Digital has not had the expected impact outside of China, despite being one of the most advanced projects in the central bank’s digital currency (CBDC).
As for the US, that’s important. The government is developing a regulatory framework for stubcoin with the aim of strengthening its economyincluding the revocation of punitive regulatory measures, will become clearer to all space actors.
(tagstotranslate)altcoins
