That's not correct. The system uses a 200% collateral and smart contracts to create new tokens. Basically every btsUSD is backed by 2 USD and that keeps the peg stable.
http://docs.bitshares.org/bitshares/user/mpa.html
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Thanks for the clarification. Perhaps with the rollercoaster ride in cryptos, it is becoming a popular "safe haven" between trades - at least in terms of fiat dollars.