BRICS to Use Gold-Backed Stablecoin Against USD, Says Max Keiser
BRICS, led by China, Russia, and India, plans to counter U.S. dollar dominance by introducing a gold-backed stablecoin, according to Max Keiser, a cryptocurrency advisor to the Bukele administration.
He argues that this alternative will attract global support due to its inflation resistance and independence from U.S. control. Keiser highlights India’s existing gold preference and suggests that Muslim countries may favor gold over a USD-backed stablecoin.
While the idea of a BRICS gold currency emerged in 2023, it has yet to materialize, partly due to U.S. opposition, with Trump threatening heavy tariffs if BRICS challenges the dollar’s role in global trade.
Clever Robot News Desk 25th March 2025
