Tether is used by many and stablecoins are a rising market, but are they really stable?
What makes a stablecoin truly stable and what can we do to assure they are backed 1=1 unlike Tether.
I use Tether for immediate transactions and trade but never hold them. They are mostly unavoidable as they become the only route through for many exchanges. Among all the stable coins, the one which would be safest is DAI. They did have some problems in the past but not they are backed by a multiple of coins including USDC. That said, it would suffer even a few of those coins crashes. That makes them a stable among the stable coins.