Like Tether? They’re currently in the middle of a fraud case alleging they are not at all backed by USD and thus the peg is supported by fiat and liable to fall off.
(I mean this in the dictionary sense of the word fiat that gives meaning to the phrase fiat currency. I don’t mean tether is supported by fiat currency)
(I mean this in the dictionary sense of the word fiat that gives meaning to the phrase fiat currency. I don’t mean tether is supported by fiat currency)