Exactly, sort of, lol. That's why institutions that do this are usually banks. This isn't just a large company holding liquid assets. These are reserves backin

Exactly, sort of, lol. That's why institutions that do this are usually banks. This isn't just a large company holding liquid assets. These are reserves backing what is, mechanically, a USD account. IDK what the explicit promises, if any, exist. Either way, there can be a run. This is banking, not business.