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.
They depend on the value of Fiat currency as far as I know and they are not affected by any crypto trend.
There’s a lot of options now aside from USDT, you can look into USDC and BUSD they are all stable coins and there’s a great demand for them. With the current market fluctuations, Stablecoins are the only options to protect some of your holdings, it will remain stable because that’s their purpose.