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A comment on SEC asked Coinbase to halt trading for everything except Bitcoin (FT). Parent comment

Re:SEC asked Coinbase to halt trading for everything except ... by sshine on Monday July 31, 2023 @05:21AM (#36940308)
> In theory can have currencies directly backed by oil, wheat or copper

That is to some degree what USD is ("Petrodollars"):

https://www.investopedia.com/articles/forex/072915/how-petro...

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Re:SEC asked Coinbase to halt trading for everything except ... by ffhhttt on Tuesday August 01, 2023 @03:05AM (#36953218)
You can’t redeem them for a fixed amount of oil so I would say this is quite different.
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