Dude learn to read im asking for proof that the ALREADY minted cryptoDollars are in fact backed up with real USD.
Start by showing us the current holding account i mean you cant hand out fresh minted cryptoDollars in this thread without you depositing some REAL USD into a holding account - get my point now?
Show us the current holding account.
It is according to you "open information", then give us that information.
0cD bought= 0USD in bank - 0 cD in circulation
100cD bought= 100USD in bank - 100cD in circulation
100cD sold= 0USD in bank - 0cD in circulation
The USD gained from selling the CD will be used for buying them back from anyone who wants to sell them.