First of all, wut. Second, that's irrelevant because stable coins rely on fiat backing (ostensibly) so you're stacking a new problem on top of what you perceive to be a different problem. If you believed that to be a problem then stable coins give you that problem twice as hard. And a whole mess of new ones too, like zero recourse against the newly intermediated offshore issuers in low-or-zero regulation locales.

I don’t discuss the past. In 2017 it was tether the one that caused the bubble that put BTC at almost 20k, by issuing tokens backed by nothing

Now they generate more than 10B per year in profits. And they have been using that to collateralize their usdt

It’s clear they are now fully backed. Another question is whether they want to comply with regulations (they don’t comply with MiCA, I doubt USDC does either) but that’s another question

Hate it or love it, they aren’t going anywhere anymore

Hey they didnt scam everyone just yet! This is proof it's very safe. </sarcasm>

That link contains audits, and proof of reserves. What are you talking about.

They got bad rep with zero proof