Why was the US dollar picked as the money to which to stabilize the HBD?
Because it is the world's reserve currency and encompasses the majority of the transactions around the world. Notice how all pricing of commodities are in USD. The same is true for most of the international debt.
As for crypto, how can you have a stablecoin tied to something that has enormous volatility and a lack of overall liquidity?
Posted Using LeoFinance Beta