…and there you go. Digital Currencies backed by
#GOLD
😉
“Commodity backed Stablecoins” “its stable because the value of it represents one ounce of gold” -Warren Davidson speaking on a possible amendment to HR 4766 “Stablecoin Act Of 2023”
#XRPCommunity
35
279
788
38
356
1K
Replies
@suisNix
Not necessarily a digital dollar, but rather a digital backing for the USD.
Flip from petro to crypto or commodity (gold) backed.
Digital is unavoidable now, but that doesn’t mean the digital dollar has to cascade to the people, we could still have paper money and the Gov…
2
2
16
0
1
5
@ChadSteingraber
Banks tried this one before. Then it slowly dwindle away from gold, until it was just paper backed by word of mouth of its value.
0
0
0
@ChadSteingraber
Did he say that we couldn’t exchange them for dollars but for the actually commodity theirselves?
2
0
2
@ChadSteingraber
@DigPerspectives
Let seengold prices being suppress. Xrp having clarity, brics gold back currency...nah it just rumors put the tin foil hat on the TV would never lie to us 🤣
0
1
2
@PomMomxrp
Currency backed is when your total supply has a backed value equal to it. If you have 100 coins at $1 each, you need at least $100 worth of gold to back it up.
1
0
5
