The Silicon Valley Bank (SVB) run brought into question the public-private partnership status of banking, as the government implicitly provided an infinite public backstop for private credit money. The monetary hierarchy has changed dramatically over time, and societal notions of moneyness are constantly evolving. This piece examines how commercial bank money is a promise to pay higher-order money, but commercial bank deposits are just liabilities issued by a commercial bank. Crypto has intrinsic value and is verifiably free of credit risk depending on how it is held, making it an attractive option for many applications in today's interconnected digital world. There is a need for a safe version of digital dollars, and a clear improvement over the current state would be developing a clear and reasonable framework for fiat-backed stablecoins.