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FRNs are described in the US Code as "obligations" of the federal govt, but this appears to be applicable only the relationship between the Treasury, which issued T-bills purchased by the Federal Reserve with FRNs, and to the counterfeiting laws -- which also treat cancelled postage stamps as "obligations" (18 USC 8).
I would have no porblem accepting a Treasury bond in payment for a debt. Ask just about any real businessman. Then see if the same businessman will give you anything for one of DiM's homebrew documents. The law makes FRNs legal tender for all debts,, public and private, which means that, even if they might be debt instruments in theory, they can pay off debts in real life.
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