According to Schiff, it makes no sense to support a token pegged to a currency that can be inflated away. \u201cI get Bitcoin, but not US dollar stablecoins,\u201d he wrote in a social media post.<\/p>\n
He pointed out that fiat money can be printed in large amounts, while gold<\/a> has a fixed supply and centuries of use as money. Schiff said gold cannot be easily devalued by inflation or reckless monetary policies.<\/p>\n I get Bitcoin, but not U.S. dollar stablecoins. If you’re going to introduce a third party custodian, why settle for a token backed by a flawed fiat currency like the dollar, when you can own one backed by gold? You get the same liquidity, but you also get a real store of value.<\/p>\n \u2014 Peter Schiff (@PeterSchiff) June 19, 2025<\/a><\/p>\n<\/blockquote>\n Based on reports, gold\u2011backed stablecoins<\/a> are seeing more interest from investors worried about inflation and dollar weakness. Tokens like Tether Gold (XAUT) and Paxos Gold (PAXG) let users move digital claims on physical gold.\u00a0These assets give the same quick transfers and high liquidity as dollar\u2011pegged coins but tie each token to real metal stored in vaults.<\/p>\n Regulators across the globe are racing to establish precise regulations for stablecoin reserves. Congress members in the US are considering tighter reserve and audit requirements. Europe and Asia are creating their own regulations to achieve transparency and safeguard users. Schiff’s call for gold introduces additional context to these discussions. It could lead regulators to explore whether commodities can serve as backing for tokens under particular regimes.<\/p>\n Market Reaction Mixed<\/strong><\/p>\n\n
Gold\u2011Backed Tokens On The Rise<\/strong><\/h2>\n
\nRegulatory Scrutiny Intensifies<\/strong><\/p>\n