Stablecoins need to have a good reputation to remain stable.

Jafar224

USDT is called a stablecoin because it is claimed that for every USDT issued, there is a corresponding storage of one US dollar, providing the stability of the stablecoin with the backing of the US dollar. If the issuing institution stops acquiring US dollars or if there is a breakdown in credibility, the value of this stablecoin could quickly become worthless. Therefore, the stability of a stablecoin crucially depends on the credibility it relies upon.

Iti9

Stablecoins are generally issued by major institutions, aren't they?

Jiten171

Still, it's essential to assess it yourself.