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UST's (Terra) peg is the one that is totally broken. It's an algorithmic peg, with its reserves in Bitcoin. USDT's (Tether) peg is fine right now (how much do you believe in commercial paper of unknown origin). And USDC's peg is also fine right now, and they claim to be backed by treasurys and actual cash.

USDT is fine? It's been off-peg all day.

I hope if you've got some you've read their terms and conditions.

Do you remember the 42Mil fine they paid a couple of years ago for not actually holding reserves? I'm sure they're honest now though

When I wrote that it was fine. Now it's not.

USDT is doing relatively ok (right now).

What failed over the last few days (and caused the big dump on the rest of the market beyond just the correlation to stocks) is a stablecoin called UST.

If you want a heavy dose of whataboutism though... look at EURO/USD.

Tether is fine (usdt)

Tether is (mostly) fine today.

But it’s an absolute, unmitigated scam and will collapse with the slightest pressure. As BTC declines, Tether’s backing declines as well, even as they print more Tether to pump up the price of BTC.

USDT peg is totally fine.

Tether is currently trending down, at 99.5 cents, and is at risk of the beginning of depeg

Edit: 98.7