There's nothing to back up any of these cryptos to be honest. If you're going to peg something to a fiat currency then it only make sense to actully have that dollar value safely stored some where and in reality doesn't that pretty much defeat the whole purpose of what crypto was created for?

Well you’re right but if you look at how things were 3years ago, it is a lot different from now, for example I know Hbd is not perfect but it’s a lot better than it was, we likely won’t get all these things right at once, but we will as time goes on, especially hbd.

A smarter investor would have taking their $100,000 or whatever amount of UST they had and spread it across at least 5 other stable coins thus reducing risk if something happened to one.

Certainly

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