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Isn't it linked to the value of the US Dollar, which itself is linked to the value of the US Economy?
by iso1631 1y ago
Isn't it linked to the value of the US Dollar, which itself is linked to the value of the US Economy?
- tock 1y agoIt isn't linked to the value of a US dollar. It is the US dollar. The value of 1 token will always be 1 USD. If the US economy collapses the USD will be less valuable but again: 1 token is still 1 USD.
- tos1 1y agoAs with any good (and especially "currency"), it's only worth 1 USD as long as somebody (including the issuing company) is willing to give you 1 USD for it. Even if it is "linked", "pegged" or called something else.
- tock 1y agoI mean sure. Your logic applies to plain treasury bonds as well.