Yes — USDT is price-pegged to the dollar through Tether's reserves and management; this is a price peg, not government control. If confidence in the dollar weakens or its value drops, the value of USDT will be immediately affected.

*Will the dollar's chain be broken?*
* *The world is approaching the moment of truth*
Since America invented the dollar, it has held the world by its neck. Every trade, every bank, every nation... everyone is linked by a green chain marked 'USD'.
But this game is no longer safe. Decentralized currencies suddenly emerged and said: 'We don't need a bank or a government telling us how to spend.'