Yea not debating that, nor that it wouldn't lose it's peg if things get unstable enough. Just that the title makes it look like it's in a death spiral like TerraUSD, which there doesn't seem to be indication of right now at all.

The increased volatility (which remains in the < 1 cent range) can easily be explained by general market volatility right now.

That said, again, not defending Tether in general. I hold 0 USDT, always recommend USDC.

Or it's just the result of a massive increase in volatility in the crypto market in general. I guess it depends what you mean by increased stress on tether.