It survived the may crash this year, so I think it has proven it's success.
Even Tether got a few crash in its lifetime. I think it's hard to conclude that a token will last forever just because it survive one or two hiccups, but definitely a good indicator for short/mid-term decision. At the end of the day, it's quite stupid/risky if you decide to hold stable coin for years since the regulation is not yet clear. Who knows, maybe next year you won't be able to hold stable coin unless you do some KYC check on the project website.
Hello everyone, personally, I think that it makes no sense to keep coins such as USDT or USDC, since it is better to immediately exchange these coins for others such as Ethereum or Bitcoin, or there are a number of other promising coins. As investments in a promising coin such as Bitcoin or Ethereum or Binance can bring excellent returns.
These stable coins are created not for looking for ROI, but to keep your capital when volatility hits. Definitely not the best tool to store your wealth, but it still has its own merits, at least for now.