In my opinion, the USTC is unlikely to ever become a stable currency again. However, crypto is unpredictable. Yet without a backup a token never survives in the market. Currently the USTC has no real USD backup. So even if it survives for a little while, dumping will happen again at any time, because it will not be able to sustain the price.
I won't trust again to invest on this failed project. Better go for other stable coins if you want to get a hold of stable coin.
I don't know how people will trust again on this, but if you happen to try again your hands into this, better be always on the lookout, before you realize you are holding worthless coins.