It's tied to real world assets, 1 to 1 with a basket of currencies. It's only scarce if this rule continues to be followed, so valuation of the virtual asset wi

It's tied to real world assets, 1 to 1 with a basket of currencies. It's only scarce if this rule continues to be followed, so valuation of the virtual asset will depend on users' trust that the real world assets exist and will always exist in a 1 to 1 ratio with the virtual asset. For an example of this being attempted already, see Tether / USDT which is (supposedly) 1 for 1 backed by US dollars.