Is US dollar backed a good thing? At this point we should be backing things on gold, platinum.

The Australian dollar has gone up about 20% vs the American dollar since Trump.

A basket of currencies and value stores seems like it would be the least volatile.

> Is US dollar backed a good thing? At this point we should be backing things on gold, platinum.

It's about making free money, not about making sense. They back it with USD because recent US regulations allow stablecoins to be backed by US securities. They will buy these securities, and for every dollar converted into their coin, they will earn a percentage per year. Free money.

> Australian dollar has gone up about 20% vs the American dollar since Trump

Which makes it garbage for transacting if you’re paid in or pay with any other currency.

Modern currencies split their store of value and medium of exchange components. Stablecoins (and credit cards and checking accounts) seize on the latter. Bitcoins (and Treasuries and money-market funds) the former.

I mean.. That's factually not true, it's lost tons of value, it's currently 1.53, what are you talking about? You're either very confused Or just a straight up liar.

If you don't hold it as an investment it doesn't matter.