The fact is that currently BTS <=> BTC <=> USDT is a better pair than BTS <=> bitUSD. USDT solved its volatility issues and now it is the only stable coin that is ~$1. The rest are ~$0.99.
And yes - USDT has no proof that it is backed by real money. That is the only reason why I diversified by bitUSD, too. Now, when bitUSD has flopped, there is a need for another stablecoin.
bitCNY?
China's economy is collapsing right now. It is too sophisticated for me to jump around those assets. Even crypto coins <=> BTC <=> USD is a disaster to manage. 😂
The global FIAT economy is probably going to collapse to be fair, hence why the norns don't reference any external asset value 👌
Norns right now is just another theory that is not tested in production environment. All previous Bitshares assets were based on other theories that in real world did not work out as good as purposed. Lets see.
Indeed, working on getting the 7 required price feeds then it'll be available to issue by anyone on the Bitshares platform, it's an experiment.