On: UST Stablecoin Loses Dollar Peg

[umeshunni]

For a more prominent example, most gulf countries peg their currencies to the USD. This chart only goes back 20 years, but the Saudi Riyal has been pegged to USD since 1986

https://finance.yahoo.com/quote/USDSAR=X/

https://www.bis.org/publ/bppdf/bispap73v.pdf