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.
To assure that stable coins are backed by something, audits are organised. Actually, Tether has passed several audits, but it is still unclear wether it has this collateral or not. Nevertheless, people trust this coin and continue using it. As long as people use it, it will be stable. But in case of different officially confirmed bad news, people can start get rid of it very fast and it will lose its value.