We learned over the weekend what non-US central banks have learned long ago, maintaining a peg to the USD means you're also affected by US fiscal and monetary policy.

One topic worthwhile exploring is the possibility of settling something IRL with crypto. PAXg (Gold) is interesting, Tflops or kWh is another option...

Lastly, this would create a real interest rate market that reflect the time value for goods instead of capital, reducing the influence of foreign interest rates and therefore priced on the native instrument (the token)

Like petro-dollars, with high enough demand, people would hold the instrument even if the price fluctuate vis-a-vis the dollar. They can choose a DeFi option similar to foreigners buy T-bills