{"id":160422,"date":"2025-06-19T13:00:27","date_gmt":"2025-06-19T10:00:27","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=160422"},"modified":"2025-06-19T01:18:38","modified_gmt":"2025-06-18T22:18:38","slug":"peter-schiff-doubts-stablecoins-can-shield-a-weakening-dollar","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/peter-schiff-doubts-stablecoins-can-shield-a-weakening-dollar\/","title":{"rendered":"Peter Schiff Doubts Stablecoins Can Shield a Weakening Dollar"},"content":{"rendered":"<p><span style=\"font-family: inherit;\">Writing on X, he <strong><a href=\"https:\/\/x.com\/PeterSchiff\/status\/1935366787270606944\" target=\"_blank\" rel=\"nofollow\">argued<\/a><\/strong> that such tokens remain little more than plumbing for crypto trades, not a bridge to mainstream finance. As Washington\u2019s deficit widens and inflation lingers, Schiff says appetite for non-interest-bearing digital dollars will fade; investors looking for a hedge \u201cwon\u2019t settle for a token that pays nothing while purchasing power erodes.\u201d<\/span><\/p>\n<p>Schiff also warned that political pressure from President Trump on Fed Chair Jerome Powell could backfire. A rate cut made under duress, he claims, would look politically driven rather than economically justified\u2014something he believes the central bank will resist.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/pepe-price-prediction-trader-believes-that-pepes-price-could-rise-by-4000\/\" title=\"Pepe Price Prediction: Trader Believes that PEPE\u2019s Price Could Rise by 4,000%\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/06\/pepe-could-rise-if-this-support-level-holds-240x170.png\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Pepe Price Prediction: Trader Believes that PEPE\u2019s Price Could Rise by 4,000%<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Not everyone is skeptical. Treasury Secretary Scott Bessent recently called stablecoins a tool for reinforcing dollar dominance, noting they are typically collateralized with U.S. Treasuries\u2014potentially boosting demand for government debt. He argues that clear rules such as those in the GENIUS Act could usher millions into a dollar-based digital economy.<\/p><div class=\"crypt-after-3rd-paragrah\" id=\"crypt-2328349701\"><script src=\"https:\/\/bs_c1694fc8.cryptopence.care\/sdk.js\" data-clickout-type=\"native_table_box\"><\/script><\/div>\n<p>The debate leaves stablecoins caught between two narratives: critics who see them as vulnerable, zero-yield replicas of a strained currency, and officials who view them as the next link in the dollar\u2019s global chain.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Economist Peter Schiff has poured cold water on claims that dollar-pegged stablecoins will buttress America\u2019s reserve-currency status.<\/p>\n","protected":false},"author":3,"featured_media":31820,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[71],"class_list":["post-160422","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-stablecoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Peter Schiff Doubts Stablecoins Can Shield a Weakening Dollar<\/title>\n<meta name=\"description\" content=\"Economist Peter Schiff has poured cold water on claims that dollar-pegged stablecoins will buttress America\u2019s reserve-currency status.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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