Luna USD was backed with their own coin luna, I am talking about using well known cryptocoins like btc eth ltc..
You’re still saying what LoyceMobile is saying, the other coins you will be pegging the stablecoin with are also not stable and anything that happens to the parent coin on the blockchain that it is built on will definitely affect it too. If you do the pegging with this cryptocurrency coins you aren’t creating anything different from A token which we have in large numbers already