If that's the case, how is steem dollar better than tether as a stable coin? They're both not backed by fiat usd. I rather buy the true usd (tusd) if it's for hedging purposes. TrueUSD (TUSD) is a stablecoin that you can redeem 1-for-1 for US dollars. It's the ony stablecoin that i know of thus far that you can redeem for usd.