BAT base currency

Hello guys,
Does anyone know the main currency BAT is pegged to? Is it BTC, ETH, or USD?
Not sure when it’s purchased with USD if the USD is converted into ETH then system buys BAT?

The Basic Attention Token (BAT), a token based on Ethereum, is an important element of a new marketplace.


Yes it’s on ETH blockchain ERC20 token. My questions is for example, most alt coins are following BTC price because they are purchased with BTC rather than USD. I am guessing ETH decoupled from BTC so it’s just trading on its own however not sure on some altcoins. XRP altcoin that is also decoupled from BTC.

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