Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?
in my opinion Tether is still safe to hold my funds, because Tether is still popular and many people are still using Tether to hold the money (seen from the volume of Tether which is still high), thus making Tether safe to use and hold, so as long as there are still many people who support Tether and until then Tether is still safe and feasible to use.
it's most certainly gonna be safe for the upcoming decades, I think it's actually quite easy to determine whether a stablecoin like tether is safe to use that is by seeing if the accounted money in reserve equal to the money in distribution basically doesn't reflect something wrong going on, I think tether has been consistently releasing the detailed information of their reserve to public and I think that alone enough to make them trusted.
but the thing is, we never know if something gonna goes wrong like ust by luna where the money suddenly vanish into thin air, but honestly the case with luna's ust and usdt is definitely different stablecoin with different mechanism. so can't really compare each other.