However, I'm suggesting that with the potential dramas around Tether, as any peg is equal to any other, why not hold a stablecoin that does not have Tether's bad reputation?
1) Stablecoins can interface with smartcontracts and the crypto blockchains, regular dollars can't.
2) More smartcontracts use Tether as their stablecoin than others.
... for the 1000th time.
It's almost like y'all don't want an answer, but just to sound clever and "above all of this".
[A] https://hn.algolia.com/?dateRange=all&page=0&prefix=false&qu...
I personally don't believe any of these things make the case for holding a stable coin.
Remember the coin is pegged to a real thing, so it can't outperform, but it is at risk of total collapse. The only way for the "cash" you hold to collapse is for the entire banking system to collapse. In which case, you're still better off holding BTC.