Hi guys do you think USDT is a safe stable coin to store our money or USDC maybe better ?
Yesteraday USDT price drop to 0.95$ but now it seem that it get back to normal
You think USDT devs can scam like creating more supply and dump in the market peoples
since the same happned with Luna & UST
I think the situation of the USDT tether is different compared to the UST of Terra and I can say that USDT is a lot better compared to Terra's UST stable coin, because USDT has huge liquidity and it is also popularly traded in most cryptocurrency exchanges, particularly in the big exchanges like Binance, Coinbase, etc. on the other hand USDC is also good but as I said USDT is more popular that's why it has a lot of users.
Anyway but in the question, if the Tether Developer can mint more USDT and dump it in the market will its highly possible, but so far there is no indication about that scenario so it will remain as speculation.