- Analyst Marty Party suggests China backing its digital Yuan with gold on TRON, a controlled crypto push endorsed by Justin Sun, citing China’s gold preference and global ambitions.
- Marty Party also envisions a US digital dollar backed by Bitcoin and gold on public blockchains, aligning with CBDC exploration and Trump’s “strategic Bitcoin reserve” concept.
- Both digital currencies as pegged stablecoins on various blockchains signal a potential shift, bringing traditional assets like bonds onto blockchain networks for new trading methods.
If China were to back its digital yuan with gold and implement it on a public blockchain like TRON, this would be a significant, albeit controlled, push into the crypto space. This theory, put forward by analyst Marty Party, elicited a positive response from Tron founder Justin Sun, who liked the concept of the digital yuan.
Even though there is no official confirmation, this theory carries weight, given China’s historical preference for gold as a store of value and their desire to globalize the yuan. A private blockchain would allow the People’s Bank of China (PBOC) to gain maximum control, and a public chain like Tron could offer greater transparency and interoperability, perhaps with some amount of restrictions. Such a move could position the yuan as a more stable alternative to fiat currencies, potentially reducing the US dollar’s global influence.
Similarly, Marty Party sees a strong possibility of a digital dollar backed with Bitcoin and gold on public blockchains like Solana, Ethereum Base, and SUI. This is because the U.S. has been exploring the concept of a central bank digital currency (CBDC) for quite some time. Additionally, Trump’s idea of a “strategic Bitcoin reserve” reflects a growing recognition of the significance of cryptocurrencies.
China’s Yuan, US Dollar, and the Bond Revolution
Both currencies are implemented as pegged stablecoins. Digital yuan on a proprietary private blockchain or on the public Tron blockchain and the digital dollar on public blockchains, including Solana, Ethereum, Base, and SUI. Bonds will be monetized in stablecoins. More to come.
According to Marty Party, if both these scenarios were to materialize, this would bring traditional financial assets onto blockchain networks, potentially transforming how they are traded and managed.
While the probability of these exact scenarios unfolding is difficult to tell, Sun’s tweet hints at the growing interest in asset-backed stablecoins and their potential role in the future of finance. It’s a space to watch very closely.