NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

Stablecoin Wars Ignite: Peter Schiff Champions Gold-Backed Digital Assets

Christian Encila
Christian Encila
1 month ago
2 mins read
stablecoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Stablecoin backing is under fresh fire after outspoken economist and gold supporter Peter Schiff took aim at tokens tied to US dollar reserves. He argues that relying on a fiat currency he views as shaky makes little sense when a more stable asset exists.

Related Reading

Bitcoin

Bitcoin Nears Climax, But A Twist Awaits—Analyst Reveals Key Insight

1 month ago

His comments have reignited a long‑running debate about what should sit behind digital coins that promise a steady peg.

Schiff Questions Fiat Backing

According to Schiff, it makes no sense to support a token pegged to a currency that can be inflated away. “I get Bitcoin, but not US dollar stablecoins,” he wrote in a social media post.

He pointed out that fiat money can be printed in large amounts, while gold has a fixed supply and centuries of use as money. Schiff said gold cannot be easily devalued by inflation or reckless monetary policies.

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.

— Peter Schiff (@PeterSchiff) June 19, 2025

Gold‑Backed Tokens On The Rise

Based on reports, gold‑backed stablecoins 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. These assets give the same quick transfers and high liquidity as dollar‑pegged coins but tie each token to real metal stored in vaults.

Bitcoin is currently trading at $103,861. Chart: TradingView

Regulatory Scrutiny Intensifies

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.

Market Reaction Mixed

According to reports, Schiff’s tweet trended, garnering over 500,000 views within 24 hours. Crypto naysayers applauded his observation on fiat risk. Other investors cautioned that gold-backed tokens have higher fees and cumbersome custody expenses. They explained that transferring metal or establishing physical reserves introduces friction when compared with exchanging dollar-backed coins at a bank custodian.

Related Reading

Dogecoin

Dogecoin Breaks Free—Could Soar 60%, Analyst Says

1 month ago

Investors also pointed out that stablecoins are widely used in lending, trading and payments within DeFi platforms. Dollar‑pegged tokens like USDC and USDT dominate these flows because they tie directly into existing banking rails. Gold‑backed coins, by contrast, tend to be held as digital bullion rather than spent on everyday transactions.

Featured image Imagen, chart from TradingView

Tweet123Share196ShareSend
Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin price

Bitcoin Price Holds Above $115,000 — Here’s Why This Level Is Significant

After surging to a record high around $123,000 in the second week of July, the Bitcoin price action for the...

Opeyemi Sule 6 days ago
Chainlink

Chainlink Ignites Bullish Momentum As BTC Dominance Slips—Breakout Brewing?

Providing fresh market insight on X, Cryptowzrd revealed that Chainlink ended the session on a bullish note, with signs pointing...

Godspower Owie 6 days ago
$4B Increase In Bitcoin Open Interest Fueled By Whale Transfers To Exchanges – Details

$4B Increase In Bitcoin Open Interest Fueled By Whale Transfers To Exchanges – Details

Bitcoin faced renewed volatility after a minor pullback interrupted two weeks of tight consolidation just below its all-time high of...

Sebastian Villafuerte 6 days ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

BNB

BNB Strategy: Windtree Therapeutics Targets New $520 Million Fund To Boost Holdings

Ronaldo Marquez 6 days ago
Avalanche

Avalanche (AVAX) DeFi TVL Rises Nearly 40% Following Octane Upgrade

Ronaldo Marquez 6 days ago
Bitcoin price

Bitcoin Price Could Still Tumble Down To $109,000 — This Chart Pattern Suggests So

Opeyemi Sule 6 days ago

Premium Sponsors

Press Releases

  • Earn $9,141 a day with mobile mining! ETHRANSACTION Smart...

    7 days ago
  • イーサリアムの価格が3,700ドル付近で横ばい、次の注目銘柄はこのico 仮想通貨プロジェクトか?大型チャンスの予感

    ...

    1 week ago
  • 次の100倍を狙えるミームコインを見逃すな?話題の取引ボット連動型トークンがそのチャンスかも

    ...

    1 week ago
  • FTXが9月も返金を継続:弱気相場に備える仮想通貨プレセール3選

    ...

    1 week ago
  • 暗号資産価格暴落によるパニック売りの中で注目される新しい仮想通貨の買い時とは

    ...

    1 week ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.