It is not just tether that we hate, its the centralized stablecoins most of the time. Fortunately USDk is not like that but I am still not warm with the idea of a stable coin.

A coin should not be stable at all, if there is a decentralized stablecoin then it means there is a limited supply and there will be a limited price on it since its stable and over the years since the inflation affects the economy there will be need for more and more of that coin hence there will be a need to change the total supply, if added more that means centralized, if not added more it means not gonna be enough. Hence, in the long run all stablecoins are destined to die according to my idea however maybe I will be wrong on this one, maybe they will prove me wrong and do a great job, lets hope so because we really do need a decent one.