#bitshares #smartcoins can be backed by the value of any stock, share, index, fiat or crypto currency including bitUSD.
As an example of the versatility of bitshares, I created ALTCAP and ALTCAP.X smartcoins. They are backed by the value of Bitcoin using bitBTC as collateral:
Info @ http://cryptofresh.com/a/ALTCAP
Info @ https://bitshares.openledger.info/?r=by24seven#/asset/ALTCAP
Info @ http://cryptofresh.com/a/ALTCAP.X
Info @ https://bitshares.openledger.info/?r=by24seven#/asset/ALTCAP.X
You can trade ALTCAP and ALTCAP.X on BitShares Decentralised Exchange exclusively at:
https://bitshares.openledger.info/?r=by24seven
https://secure.freedomledger.com/?r=by24seven
https://altcap.io/?r=by24seven
RE: Why Steem might actually make sense as a Smartcoin