Tether provided all the exit liquidity users wanted in a very short period of time. Billions in the first days, and around 15 billion in less than a month. If this was to happen on any traditional bank, bankruptcy is almost certain.
There are a lot of audits and transparency reports for stablecoins, but the above is the ultimate test in real time from the market.

I had doubts about USDT, but this event restored my faith. USDT did what it was supposed to do. My favorite is still HBD. I barely have any HBD with myself. On the other hand I don't even have other stablecoins as a part of my portfolio (unless you are talking about DEC which is trying to be a stablecoin).
!PIZZA

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