USD isn't backed by anything other than a military and a government that prints endless streams of it. Bitcoin is bitcoin and it has a value that people are wi

USD isn't backed by anything other than a military and a government that prints endless streams of it. Bitcoin is bitcoin and it has a value that people are willing to pay for it. My home is also not 'backed' by anything, yet a bank is willing to give me equity loans on it. "Backed" is irrelevant in this context. As long as my loan maintains its collateralization ratio, that's all that matters. As for the AAVE bug, it was resolved. Banks fail and people can't get their money out on a weekend either. As for USDT, people keep spouting its impending doom, yet it has survived every single bear market since it was created. People have claimed bitcoin is doomed too... yet here we are 14 years later...