Disagree. USDT has proven to be quite resilient, despite being buried many times, but it has survived all the bear markets and major cryptocurrency crashes with dignity.
That is true. USDT hasn't lost its peg despite the recent turmoil surrounding the banking system and the crypto market itself. I really hope it stays like that forever. Otherwise, everything achieved by Tether so far would be nothing but lost. Let's see what happens in the long run, as strict regulations enter the industry.
UST turned out to be a failed Stablecoin because its algorithmic model was questionable from the beginning. The USDC and DAI were in de-peg for only a few days. Unless you are a short-term speculator, you would barely notice this de-peg of the dollar.
It's a good thing the peg of both USDC and DAI was restored. Otherwise, the reputation of these stablecoins would've been destroyed already. Circle deciding to redeem USDC for $1 despite the de-peg, was a brilliant move. It helps restore confidence among investors and traders alike. If I only knew USDC and DAI were going to go back up, I would've bought the dip already.
I think the next stablecoin that will fail is USDD because it's only backed by algorithms. Just like UST, and USDN failed in the past. Only collaterized stablecoins will survive because they're backed by real USD reserves. Maybe developers will improve algorithmic stablecoins until they become ultimate perfection?
