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![simplykashif Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::3015161303.png) Kashif Raza [@simplykashif](/creator/twitter/simplykashif) on x 167K followers
Created: 2025-07-19 13:40:06 UTC

First Paper currency was issued on top of copper and silver in 1661.

First paper currency backed by gold was issued in 1821. 

Similarly:

First stablecoins will be backed by US treasuries, US dollar and gold. 

Then finally stablecoins will be backed by Bitcoin only.


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**Related Topics**
[money](/topic/money)
[united states dollar](/topic/united-states-dollar)
[stablecoins](/topic/stablecoins)
[currency](/topic/currency)
[bitcoin](/topic/bitcoin)
[coins layer 1](/topic/coins-layer-1)
[coins bitcoin ecosystem](/topic/coins-bitcoin-ecosystem)
[coins pow](/topic/coins-pow)

[Post Link](https://x.com/simplykashif/status/1946565712698307020)