This would be true if most people in the space knew what they were doing, instead most crypto investors aren't very educated and were probably only informed about the Technolgy when Elon was promoting doge coin
Which is why I'm talking about the bigger guys - the "smart" investors. See their on-chain wallet activity and you'll find that they almost never hold any Tether at all. There are almost no major on-chain pairs for $X/$USDT - it's all DAI/USDC (if stables).
