PANews reported on March 23 that according to Cointelegraph, Max Keiser, a senior Bitcoin adviser to the President of El Salvador, said that due to gold's inflation hedging properties and minimal volatility, gold-based stablecoins will outperform stablecoins pegged to the US dollar globally. He believes that gold is more trusted than the US dollar globally, and said that foreign governments that have a confrontational relationship with the United States will not accept stablecoins pegged to the US dollar.