USDT is still the grand master of stable coins and it's audited too, I dont know why people are worried about other stable coins because of what happened to UST, we can clearly see how incapable the Luna teams are so do not compare UST with others.
It didn't just happen to UST, it happened to USDN and DEI as well
Investors have taken out 10 billion dollars out of tether in these past few weeks according to
The GuardianYou can visuals it better by looking at their marketcap graph:
https://imgur.com/Q5s0Sgkas you can see this has never happened before and the people who are selling out their USDTs are not your average joes but rather the whales,so what do you think ? Do they know something we dont ?
How do you tell if they are just only "Investors"
There has been a lot of FUD surrounding stablecoins especially after a couple of them depegged so yeah people are selling hoping that USDT might crash too. Just check out USDC's market cap. It's now the 4th in the rankings. Have you ever seen anything like this before?