USDT keeps on changing its stance on whether it is fully backed or not. So apparently it's not transparent and if you look into the on-chain stat of how they print USDT every single time BTC dips, it raises suspicion.
Unfortunately, in a decentralized ecosystem, we have a single large concentration of USDT which is a manipulative stablecoin IMHO, most of the users are gullible, so they prefer to keep USDT as a hedge on the premise of its market cap. So I think the people should do a favor to themselves, and make a why-why analysis on USDT as the stablecoin. An informed choice is always better.
USDT keeps on changing its stance on whether it is fully backed or not. So apparently it's not transparent and if you look into the on-chain stat of how they print USDT every single time BTC dips, it raises suspicion.
Unfortunately, in a decentralized ecosystem, we have a single large concentration of USDT which is a manipulative stablecoin IMHO, most of the users are gullible, so they prefer to keep USDT as a hedge on the premise of its market cap. So I think the people should do a favor to themselves, and make a why-why analysis on USDT as the stablecoin. An informed choice is always better.