USDT is one of the stable coins that has a stable price using the original USD underlying, but did you know that USD currency can be printed arbitrarily without an underlying different from IDR or rupiah printed based on gold underlying
in other words USDT can also print coins at will like USD can USDT be trusted? without the underlying USD, which becomes the underlying of USDT, it could experience a sudden drop in price, in other words if the USD is problematic, it will also affect the USDT price.
what do you think about this?
I think things regarding the stablecoins in general and usdt specifically will be clear once the regualtory act is finalized and after that i think only real stablecoins with real bank accounts and backing of fiat with all the official records, will be allowed to stay in the market so i think only top legit stablecoins will survive which would be good for the market.