Stablecoins are the product of centralized human-managed financial engineering, they are not exactly what crypto proponents had in mind. They are convenient for some purposes, but everyone keeps in mind that they are not "real" crypto.
Proper degenst don't use USDT or FTX, they use DAI and Uniswap, and the latter two are doing fine.
This reads like a rehash of the "not real communism" copy pasta from a few years back.