I have exchanged TUSD to USDT and USDC. I feel worried about the current state of the market. Even though they guarantee as a stablecoin and they have collateral, but it is important for me to secure my assets to another stable coin for now.
Be careful with USDC, it was not long ago that stable coin also present problems and some people had to accept some losses when they had to sell their USDC below the dollar parity, now this may bring the question about which stable coin is safe at all right now to hold?
And unfortunately I think there is no stable coin safe to hold right now, even if it was stated over and over again that this day may come many people seem to be unprepared for the real possibility that in the future governments will attack stable coins with everything they have, as they are direct competitors to their CBDCs.
I don't believe that there's any guarantee or security with either of them. Some, at least, seem to be a little safer than others. USDC did indeed face some issues a little over a month ago, which resulted in the coin losing parity with the U.S. Dollar, but recovery came within a day or two at most. So far, most if not all major stablecoins such as USDC, USDT, TUSD, and BUSD have shown that even when 1:1 parity is lost, the recovery is usually imminent in less than a day or two. Certainly, there are exceptions to this rule; UST was one of the largest in capitalization but still suffered huge losses due to the Terra incident.
Even TUSD, which the article is referring to, recovered within one or two days at almost 1:1 parity, and a few days later, it was back to normal, suffering zero losses. I believe that the FUD around a possible depeg on stablecoins creates a broader issue than the depeg itself.