5 ms·1 dollar is backed by 1 dollar. 1 dollar in the bank is backed by 0.01 dollar.by koonsolo 5y ago1 dollar is backed by 1 dollar. 1 dollar in the bank is backed by 0.01 dollar.dandare 5y agoAnd 1 stable coin is backed by 1 dollar in the bank. That means one stable coin is backed by 0.01 real dollar.koonsolo 5y agoUST is not backed by dollars in any way, it's backed by assets that have a corresponding value in dollars. So no, your statement is incorrect.