Currency pegging isn't a new thing. For instance, the ratio of Belizian dollars to US dollars is defined as 2:1. That peg could certainly fail, and you could c

Currency pegging isn't a new thing. For instance, the ratio of Belizian dollars to US dollars is defined as 2:1. That peg could certainly fail, and you could certainly argue that there's something not quite right about the practice, but it was made up to legitimize tokens long before crypto.