Good article but I can't agree that:
if you store your profits in USDT, they will just lie there idly, slowly eaten up by inflation
because actually there are many additional earning opportunities provided. We can lend this money or use Flexible Deposits on Binance to earn interest, with the flexibility to redeem funds at any time.
When you think about the benefits associated with Goldstablecoin I think it's far profitable to store your funds in Gold instead of USDT or any other stablecoin, using Exchange to store your funds comes with the risk of your funds getting hacked and in cases the exchange doesn't have reserve funds to take care of the situation the chance of you recovering your funds is lost.
Comparing USDT to GOLD, apart from the market capitalization and popularity. USDT isn't that much of a go to project as they are always chance of encountering fud and shady practice from the partners/operators of the stablecoin meanwhile GOLD has been fud free since months of it's existence. All I'm trying to say is that, I'll fav Gold over USDT anytime, wasn't much of a fan of USDT anyway.
That is very nice explanation why Gold backed coins have upper hand over USDT. Like FED is going to inject huge amount almost $450 Billion so there is inflation is very issue but Gold is gaining value against Dollar so that I also will do agree with this comparison.