Hello, I would like to ask, how centralized stablecoins keeps their value?
It was keeping its value by getting backed by the stable asset.
If people start to don´t trust Tehter, they are able to sell a bit under 1 usd price. And price USDT / USD can drop for example to 0,97, how can Tether cummunity return value closer to 1,00 if drop to 0,97 happen for example in all bigger exchanges and all their pairs?
It's based only with the trust to the tether. We have that a last weeks tether's price dropped to to the below $1. This is making so many people were feeling scared with it. That can triggers massive distrust to the tether as stable token provider.
I read lots of articles about Tether bot there is only theory that Tether hold same value as reserves, but I didn´t found next practical steps...
It's still unknown. Tether knows everything but not with us. The data was not so transparent but it's not fully backed by fiat money.