I think the point is that it's a fiat currency but it's purely digital and and not paper cash, and transfers use a blockchain (?) instead of bankfiles. Unclear

I think the point is that it's a fiat currency but it's purely digital and and not paper cash, and transfers use a blockchain (?) instead of bankfiles. Unclear who controls the block chain though, I'd guess it's centralized. And the government can seize money at any time, Tether style, by invalidating public coin addresses it seems dirty.