Peter Schiff Calls USD Stablecoin ‘Flawed’ Dollar Tokens, AS GENIUS Act Proceeds

Peter Schiff has slammed USD stablecoin just as the stablecoin bill aka GENIUS Act proceeds to the House, while referring to them as ‘flawed’ dollar tokens. Schiff’s comments come just as US President Donald Trump asks the House members to pass the bill soon so that he can immediately sign it into law. While many experts believe USD-pegged stablecoins will boost the Dollar’s supremacy, Schiff stressed that fiat currency is itself losing value.