Peter Schiff: If tokenization of gold requires trusting a third party, then third party custody of USD stablecoins is also an eyeglass.

PANews October 26 news, cryptocurrency critic Peter Schiff tweeted that if tokenization of gold requires trust in a third party, then trusting a third party to hold USD stablecoins is also an eyewash. “Surprisingly, many Bitcoin users who support and frequently use stablecoins claim that tokenization of gold is an eyewash. Their argument is that you must trust a third party to hold your gold. But how is this different from tokenization of USD? Tokenization of USD requires trust in a third party to hold their USD.”

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