Bullshit. The biggest stable coin, Tether, is pure scam. They are essentially creating money out of nowhere. They were found guilty of massive fraud and were fined $18M [1]. They refuse to get audited by a third-party [2]. The ones that do audit them are just as sketchy as them [3]. I would recommend watching this video to grasp the scope of their fraud [4]
[1] - https://coingeek.com/tether-bitfinex-prohibited-from-operati...
[2] - https://ecoinimist.com/2024/09/20/concern-over-tether-audits...
[3] - https://finance.yahoo.com/news/sec-fines-tether-former-audit...
[4] - https://www.youtube.com/watch?v=-whuXHSL1Pg