In recent days lots of bad news are hearing from usdt and what will be happen if the usdt is a scam,should i change other stable coin,any recomendation for the stable coin?
my advice don't worry too much about any bad news about USDT. although if the failure of USDT will cause a shock in the crypto market but I think there will be a signal in advance for USDT users to anticipate in advance.
basically tether still carries risk because Tether originally claimed that each USDT was backed by US dollars in its reserves.
But the reality is more complicated,
Tether is backed by a mix of:
1. Cash,
2. Cash equivalents,
3. Secured loans,
4. Corporate bonds and other Investments.
but you have to be careful if you have USDT