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?
USDT being a centralized coin has all the underlying problems of centralized coins, governments have gained over and over again through history the trust of the people to manage the money supply and do so in a responsible manner and each one of them have failed, and USDT is no exception, they promised that for each USDT in circulation they will have a dollar on reserve and help the market get liquidity this way and we know this is not true, so eventually they will print more money than what they can manage and the coin will crash as all fiat currencies have done before it.