Sergey Nazarov, Co-Founder of Chainlink and one of the most influential voices in digital-asset infrastructure, joins Jeremy Szafron for a high-impact discussion on the GENIUS Act, stablecoins, tokenized Treasuries, and whether gold on-chain can out-yield government bonds. Nazarov says Washington’s new law is “the best trajectory the U.S. dollar has ever been on” and predicts the stable-coin market will jump from $200 billion to $2 trillion.
In this Kitco News interview, Nazarov explains why tokenized gold could generate yield, how Chainlink’s CCIP is already settling cross-border value between ANZ Bank and Fidelity International, and why retail CBDCs are off the table in America. With Wall Street warming to stable-coins, sovereigns racing to adopt on-chain settlement, and gold buyers eyeing new yield mechanics, Nazarov lays out a roadmap that has hedge funds – and central banks – paying attention.
Key topics:
-$2 trillion stable-coin forecast
-GENIUS Act and U.S. dollar dominance
-Tokenized gold: yield engine or store of value?
-Chainlink CCIP pilots with banks and funds
-Why the U.S. rejects a retail CBDC
-Oracles, proof-of-reserves, and systemic risk
-Asia vs. America: who leads tokenized finance?
Follow Jeremy Szafron on Twitter: @JeremySzafron (
Follow Kitco News on Twitter: @KitcoNewsNOW (
Follow Sergey Nazarov on Twitter: @SergeyNazarov (
00:00 Introduction
00:51 Insights on the Genius Act
02:41 Impact of Stablecoins on the Financial System
12:40 Geopolitical Implications and Global Competition
23:17 Future of Tokenized Assets and Gold
28:16 Concerns About State Overreach and Surveillance
37:38 Chainlink’s Role in the Future of Digital Finance
42:51 Conclusion
#gold #stablecoins #Chainlink #GENIUSAct #tokenizedgold #crypto #JeremySzafron #KitcoNews
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The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.
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42 Comments
The GENIUS Act now mandates fully-backed stablecoins while the U.S. rejects a retail CBDC. Sergey Nazarov says this puts the dollar on its “best trajectory ever” for on-chain dominance – and claims tokenized gold could soon out-yield Treasuries.
Do you agree? Will private stablecoins strengthen the dollar – or fragment it? And could yield-bearing gold really disrupt bond markets?
If life insurance don’t accept these staple coins. I doubt the banks will accept these as US treasury. My beliefs are pretty low in this
4:09 – 4:30
No more questions high court!
Excellent información Greetings from PERÚ 🇵🇪🖐️
Physical old has no counterparty : a tokenised gole has… And the part of risk in your system, so complex and where you don't know the actors quality because ithere"s no absolute risk but only subjective risk, depending of your ethics and views??? Very suspicious about allt his big machine, opaque because of its complexity. Makes me regret the good old piece of gold owned by my grandparents..
1st step in money control in the US.
Tokenising gold will almost certainly influence gold price overall.Also it will make gold more unstable because of the sheer speed and spread of transaction.Chasing speed of transaction for speeds sake is NOT synonymous with stability but perhaps just the opposite! Any potential errors or glitches will also become manifest quicker and have a greater and more devastating impact on transactions,making the system itself even more fragile.
Wake up people -more and more DERIVATIVES???.Surely we are just adding another level in the risk pyramid,and adding to the "pack of cards"
the level of ignorance in the comments is mind blowing!
I'm a digital asset holder investor primarily but working to widen my knowledge. I've watched two episodes back to back now. Great show!!! Great guests!!! Thank you 🙏
Thank you.
This d0u¢h3 is part of the problem.
Don't worry. If you don't trust JP Morgan stablecoin, you can just use Blackrock stablecoin… so you have no reason to not trust this. 😂😂😂😂😂😂😂😂😂🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
That's like saying, "Don't worry. If you don't like Democrats, you can always just vote Republican!" 😂😂😂
That guy in blue has been paying hundreds of of paid shill to take his token dumping . Scam is in the 6th years and he have 30% supply left to complete the rug
Many in the comments clearly are ignorant to understanding that if you hold the digital keys to a product……. its yours it can't be changed, shut off or stopped from movement.
Such morons in the comments here. Felt like I missed Chainlink at $0.2 but now at $17 I feel just as early. Have fun staying poor ignoring the guy who will be behind the first trillion dollar crypto. You boomers can call it a scam all you want but you will miss out on a 50x and your kids will be buying when Chainlink is $1000.
Stable coins are for the sheep, regular folks who don't mind living and working for the man their entire lives just to retired in debt.
Stable coins defeat the purpose of crypto, and just creates a centralize control and manipulation by the World Central Bank.
He just described everything wrong with the Legacy Fiat system and Recreated it in Tokenised Crypto with less protection and a bigger scam. If you buy Gold for yield you don't understand history or economics 😮
Now I see why they are hiring all these IRS agents.
All stable coin and crypto crap is garbage unless they are backed by gold. We should only have 1 form of currency. They are creating a nightmare.
stable coin is programable..so if I dont like u I can cancel your coins….time to wake up !
If you want to hold gold digitally, just buy PHYS. Like gold stable coins, there is 100 % audited gold held in secure vaults. This interview did not well discuss the difference between the two.
Coming fast like it or not!!!!!!!
A "risky" stable coin?? Why not just hold less risky US dollars?
Straight up :
This man is a shill .
Tokenization = Shitification
If you don't hold it, you don't own it.
IMO, This will create inflation like we've never seen before…
People choose to buy gold for various reasons, such as it’s historical role as a store of value and medium of exchange, it’s potential as a hedge against inflation or currency devaluation, and it’s relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolio due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance and financial situation before deciding.
Agree or disagree, like it or not but there is opportunity here because it already happened. Genius act passed, CBDCs are going into place. Everything he is saying will take place very quickly. How do you take advantage of that while building true wealth with Gold, Silver and Land and preparedness? Looks like they found a way to kick the can down the road after all but it might be short lived. But regardless the system upon which they build tokenization will be a huge opportunity. There are very little candidates and Bitcoin isn’t one of them. Bitcoin is an old relic with zero practical use cases. Which system do you think will be the one to survive this crypto bubble and become practically used in this new financial system?
LINK🚀
Stablecoins are the road to hell.
Stablecoins sound like the government and domestic multinationals using consumers as meat shields to protect deficit spending and easy money?
Great opportunity to take big risks but also…More derivatives.
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