I was scrolling through cmc and I didn't realise until now that tether has the 4th highest market cap at ~$20bn. This feels like a really high risk asset and that's probably reflected in it having a 5x market cap daily trading volume.
It's probably just something to take note of that if it isn't physically backed and we see massive volatile moves then don't trust it to peg the dollar especially if it keeps getting a higher and higher pool of funds that are thought to control it (its a shame a lot of sites use it in futures).
If DAI stable coin is the one that has this insane market cap will you say it's high risk asset? You people think that decentralized projects are the safest but you've forget that people operates them as well, if USDT make a run they can be hunted because everyone involved is known cos USDT was once in a mess before, but if it's a decentralized stable coin forget it....