Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?
In fact, the price of any coin can drop to zero. Something would just have to happen that would make society completely lose confidence in it. USDT has never disappointed so far, so I don't expect anything negative to happen in the future. Of course, remember that the risk is always there.
With the current mass usage of Tether, it's far from being a no-value coin in the future. It was mostly used because of safe haven when the market is on a bear trend. And with high fees that were a headache to others, using stable coins is a good alternative.
Mostly, users are just paying around $1 to cover the transaction fees using stable coins.
The best option when bear dominates the market.
Converting your crypto to USDT helps you to avoid more damage from your investment.
So far, seeing it crashing down to zero is still far to happen, even there are already alternatives, but
the superiority of USDT still high.
The only possibilities that it may happen is a self destruction from the developer itself, or pressure
from the government that can damage the actual activities inside this system..