He may be an expert in few things but clearly he doesn't understand the difference between what an asset is and what a stablecoin is. Stablecoins are literally stable and they peg to $1. You cannot change the 1:1 peg just by signature. You're comparing with gold that happened in 1934, it was a century ago and that was an asset that can be repriced. Stablecoin is a different thing.