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It’s no different than a number in your banks database, except it’s in your custody, like cash.
And it’s not a real currency, it’s a memecoin.
Is your bank’s database a currency?
No, my bank’s database is a database, it refers to a currency that is real because it is accepted for paying taxes, fines, etc.
but I’m happy to teach you about the industry if you’re interested
There’s nothing you could teach that would be valuable to learn. You seem to be in on the grift, looking for another person to get in on the pyramid scheme. Good luck with that, but I’m not interested.
Yes, other memecoins used to also be pegged to the dollar, but they lost their peg, like TerraUSD and Tether.
Until it doesn’t.