Is it possible to peg the value of a blockchain cryptocurrency to the value of an index, f.e. S&P 500? If Tether is pegged to USD and Anchor is pegged to global economy growth, therefore is it possible for a coin to be pegged to S&P 500?

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Is it possible to peg the value of a blockchain cryptocurrency to the value of an index, f.e. S&P 500? If Tether is pegged to USD and Anchor is pegged to global economy growth, therefore is it possible for a coin to be pegged to S&P 500?

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