So you could go spend those anywhere around the globe, and they were taken as money. What Circle's doing and other participants are creating a digital representation of that. And When you require that digital representation to be one to one dollar backed, you are strengthening the US Dollar. When you say your dollar equivalent, or the dollar that's in the bank account could be a US treasury, it could be some other one to one asset. (01:56–02:04)
CLAIM
Asserts that backing digital currency one-to-one with the dollar strengthens the U.S. Dollar.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
