I really do not know, but if it is true that they lost peoples money in this bankruptcy then we are all in trouble with all the other coins as well. They might as well be gone too, USDT or anything else too, because even if they didn't had money in silvergate, they have it somewhere else and it could be gone just like this one day and we would be in trouble.
well yeah i mean anything that promises it will be worth a certain amount of fiat can't really be 100% trustable. bitcoin doesn't promise it will be worth anything that's how it gets around that loophole. you buy you hope you pray but if it goes to 0 that's just your bad luck.
plus usdc they can freeze your money so you can't use it on chain at all. so not the ideal thing...