Max Keiser Predicts Gold-Backed Stablecoins Will Surpass Dollar-Pegged Alternatives

Gold-backed stablecoins are set to outperform their US dollar-pegged counterparts in global markets, according to Max Keiser, television host and founder of Heisenberg Capital.

A stablecoin backed by Gold would out-compete a USD-backed stablecoin on world markets: Russia, China, Iran should take note.

It would track inflation The USD does not. You’re guaranteed to lose purchasing power.

The USD has no volatility, but again, you are guaranteed to…

— Max Keiser (@maxkeiser) March 22, 2025

In his view, precious metals enjoy greater trust from governments. Moreover, nations hostile to the United States are unlikely to accept a digital asset based on the American currency.

“Russia, China, and Iran will not approve a USD-based stablecoin. I predict they will respond with a gold-backed alternative. China and Russia together have 50,000 tonnes of gold — more than reported,” Keiser noted.

A precious metal-backed stablecoin would “track inflation,” whereas USD assets are “guaranteed” to lose purchasing power over time, the entrepreneur believes.

“Bitcoin is deflationary but volatile. Gold tracks inflation and is minimally volatile. Why wouldn’t Russia, China, Saudi Arabia, and Iran use this?” Keiser added.

In the summer of 2024, Tether introduced the aUSDT token backed by Tether Gold (XAUT) in its Alloy “pegged assets” lineup. The coin provides ownership rights to physical gold.

In a recent publication, PointsVille founder and former VanEck executive Gabor Gurbacs stated that a “gold” stablecoin is “what the US dollar was until 1971.”

Not in the same league as Bitcoin, but here you go. This should catch up to Gold ETFs over time. The key is to pick the right vaults to back assets. This one is Swiss vaulted. Tether Gold (XAUT) is what the Dollar used to be before 1971. https://t.co/4V61EpTYiA

— Gabor Gurbacs (@gaborgurbacs) March 22, 2025

“XAUT has risen by 15.7% since the start of the year, while the rest of the cryptocurrency market is down. Funds and companies should hedge their assets with XAUT,” he added.

In March, experts highlighted gold’s continued status as a safe-haven asset, while Bitcoin still behaves like high-risk tech stocks during periods of market instability.