UST/Terra was pegged to the dollar by diluting Luna to the infinity, assuming Luna would keep a non-zero value. I still don't understand how can anyone think this can be a good idea, so my understanding could be wrong.
Anyway, USDT has no such requirement it's pegged to the dollar by Tether company actually exchanging USDT at 1$.
That's not saying USDT won't crash, (there are reasonable fear of wrongdoings) but those two are really not alike
Doesn’t it highlight the insolvency of USDT because they don’t actually have the assets to exchange all their coins for $1 and won’t conduct a proper audit to confirm or deny?
It should be fairly easy to do a run on USDT, but not sure if anyone would make money from this.
Anyway, USDT has no such requirement it's pegged to the dollar by Tether company actually exchanging USDT at 1$.
That's not saying USDT won't crash, (there are reasonable fear of wrongdoings) but those two are really not alike