This is a question that seems to get overlooked. It is not something we hear discussed since most people seem to believe they know.
It is why we get the idea of asset backed currencies, which is the case with USDC and USDT. This is not currency, it is a money market account.
In this video I discuss what gives a currency value and how those designing systems should take a look at it. A lot of what is discussed is misguided and removes the focus from where it should be.
▶️ 3Speak