Tether is used by many and stablecoins are a rising market, but are they really stable?
Yes, they are. All stable coins have been using the same mechanism.
What makes a stablecoin truly stable and what can we do to assure they are backed 1=1 unlike Tether.
You have lots of options to be chosen as an alternative stable coin. USDC, PAX stable coin, and many more. The price of a stable coin was stable although it may drop a little bit it can still keep its value to be equal with dollar.
You can always try to check the regular audit that will always be provided by any stable coin provider to make sure if that was fully backed equally with the dollar. I meant the reserver fund will be 1:1 with the total issued token or equally.