Why not just buy gold backed securities? Or do 2 international pariah states just want a way to evade sanctions. Seems like this is the only problem Dr BitCoin's Elixir ever solves.
I'd likely use it, in preference to savings in any Fiat currency.
Of course, the magic of any crypto "Stable Coin" is in the redemption... How can anyone (outside Russia or Iran) convert their holdings into physical Gold?
Just like with crypto --- how do you verify the backing?