At the end of the day, for better or worse, the US dollar is backed by the US mi...

Onavo · 2026-02-04T03:47:26 1770176846

But the stable coins are also backed by the US military. All major USD stablecoins have sanctions mechanisms baked into their smart contract.

See for yourself the blacklist features

https://github.com/circlefin/stablecoin-evm/tree/master/scri...

anukin · 2026-02-04T04:03:57 1770177837

Usdc is backed by US dollar denominated treasuries for most major issuers.

bandrami · 2026-02-04T08:32:04 1770193924

It's broadly agreed that hasn't been the case for a while now, but that at the moment it's better for everybody if we pretend it still is

Hamuko · 2026-02-04T06:37:32 1770187052

Is there actually any proof of this or is it Tether-tier magic money?

zx8080 · 2026-02-04T07:30:17 1770190217

> US dollar is backed by the US military.

No, it's not. It's not possible to come to the US soldiers with a bunch of US dollars and some demands and get what's demanded in return for the dollars.

Only trust of the other market participants backs the US dollar.

direwolf20 · 2026-02-04T10:26:08 1770200768

It's the other way around. If you don't trade in dollars, the military comes and demands that you do.

RealityVoid · 2026-02-04T13:04:25 1770210265

Is the peso backed by the Mexican government? Because I'm afraid of all these militaries coming and knocking down my door to use their money.