Stablecoins: Why Tying To Anything But USD Doesnt Make Sense

We see a lot of discussion of late about stablecoins. Whether algorithmic stablecoins is the answer remains to be seen. However, whatever the form they take on, it is crucial they be tied to the USD.

In this video I discuss how many misunderstand what gives the USD value and how it is basically too powerful to replace. There is organic value based upon use case. Plus, when we look at the totality of the global monetary system, we see how the biggest asset the USD has going for it is the unit of account.