Initially, the Tether team stated that almost 20 or 40% of USDT is backed by the dollar, and there was never any talk of full backing with the dollar. Of course, USDT is an asset that raises doubts, but nevertheless, it is he who saves traders in difficult situations in the cryptocurrency market.
I am not saying that there shouldn't be something people can't move into, there should be something but it shouldn't be Tether that's all I am saying. For example DAI looks to be promising, I am checking it and trying to find a way to see how it could go wrong, but the premise is the fact that your money doesn't stay with one person, it stays with you and that is the very important part of it, it is not Tether, it is not Binance, it is not any company or organization behind it, fully decentralized stablecurrency and I like that idea and I am still looking to figure out if there is anything wrong with it.
The need for some stablecurrency pegged to dollar and even other national currencies are there and I do suggest that it should happen, there is absolutely nothing wrong with that, however fact is that people need to realize these companies are not good at all and they are very risky.