This is the stablecoin equivalent of full-reserve banking backed by bitcoin.
#Bitcoin-backed dollars have an opportunity to be the single greatest Trojan horse we have to reduce reliance on the fiat system.
https://bitcoinmagazine.com/technical/world-needs-bitcoin-backed-stablecoins
The variability of bitcoin price fluctuations are getting smaller over time (particularly visible on a lol-log plot). So I guess it will sooner or later become stable enough and not require a stable counterpart 🤔
Nature always search for stability.
As you can see in this sentence, there is no stability.
