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?
Personally, I find the USDT coin to be very stable. And believe various rumors that the coin will lose its credibility. I think these are just rumors to make people panic and drain their coins. For myself, I decided that the coin was both stable and continues to bring excellent income to its holders.
Actually, the issue of discrediting USDT is also experienced by other coins, not just stablecoins. But for myself this is a choice, believe it or not.
If USDT will lose its credibility it is very likely, because this issue makes people panic. To avoid what they don't want, they will definitely decide to switch to another stablecoin that they think is more secure, at least until this problem starts to go away.
Actually, USDT is backed by US dollar, the company claims that they reserve the actual dollar as collateral, but as far I know they also reserved the right to issue new coins if they want without giving any reason.
only for this reason I'm not used to USDT a lot, Most often I use Dai cause it is decentralized. and 2nd one is BUSD cause it confirms its credible form all of their issued token must be held into credible form, which is low risky.