Will tether always be used to hold the dollar value?

[Perceval]

This may sound like the stupidest question on this site but is it?
I truly don’t understand why a coin was necessary to hold the same value as the dollar. Also, now we have a competition in the game of being valued at a dollar with the addition of tusd. Will tether become more?
Will Tusd become the place holder while tether is able to get fully into the crypto market as the country’s crypto?

[siddartha1492]

The reason for Tether is simple. People don't want their crypto savings to lose value in case of bear paws. Ever TUSD is said to be backed by a Dollar in a bank. Now some people say that Tether doesn't have that much of USD reserves, but people still like to keep a part of their crypto savings in TUSD,. It could be just for their peace of mind or diversification of assets.

[hasimkamal]

People are now panicked by recent market trend. That's why they want to save some of their investments in TUSD. As everyone is using diversified investment technique now a days. It is good to invest here.

[tycsols]

I think there are many stable and usd pegged coins are under development in coming months we will see more and more alternatives to usdt. Personally i think instead of all these usd pegged coins the exchanges should deal directly with fiat currencies like usd and euro.