Do you guys still trust stablecoins?

I already know how most of the sub feels about usdT , but stable coins in general, is it something that we can trust to hold its peg?

Right now we’re in a noticeable downturn, and for crypto people who are into being their own bank, can stable coins still be a reliable storage of value? And if not, what purpose do they still truly have?

I haven’t been visiting the sub as regularly so I suppose feel free to let me know if this has already been discussed to exhaustion.

This feels like it’s definitely important to the “Be your own bank” conversations. Because with fluctuations this large, crypto is more of an investment portfolio than a bank.