
PANews|Oct 26, 2025 01:57
[Peter Schiff: If tokenized gold requiring trust in a third party is a scam, then stablecoins backed by third-party custody of USD are as well]  
Cryptocurrency critic Peter Schiff tweeted that if tokenized gold requiring trust in a third party is considered a scam, then stablecoins that require trust in third-party custody of USD are also scams. 'What’s surprising is that many Bitcoin users who support and frequently use stablecoins claim that tokenized gold is a scam. Their issue is that trusting a third party to custody their gold is necessary. But how is this different from tokenized USD? Tokenized USD requires trusting a third party to custody their dollars.'
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