yes and a lot of these coins claim they are all backed but it's just a lip service, it's too lucrative to not do full 1-1 backing, you are right only something

yes and a lot of these coins claim they are all backed but it's just a lip service, it's too lucrative to not do full 1-1 backing, you are right only something like US treasury can do it. https://markets.businessinsider.com/news/currencies/tether-cftc-41-million-misleading-statements-stablecoin-fiat-currency-backing-2021-10?op=1 https://markets.businessinsider.com/news/currencies/tether-c...