Peter Schiff Critiques USD Stablecoin

Peter Schiff has criticized USD stablecoins in light of the stablecoin bill, known as the GENIUS Act, moving forward in the House. He referred to these stablecoins as ‘flawed’ dollar tokens. Schiff’s remarks coincided with US President Donald Trump urging House members to pass the bill swiftly so that he could sign it into law. While many experts argue that USD-pegged stablecoins could enhance the Dollar’s supremacy, Schiff emphasized that fiat currency is losing value overall.