Stable Coins in Crypto

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Stable coins has given a lot of options to crypto traders. It has helped traders control Volatility. But some questions have been in the loop.
Do you think these coins are really backed up by real dollars as insinuated ?

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In the world of cryptocurrencies, there are digital coins, the value of which is tied to a specific physical asset. The first such digital currency, USDT from Tether. This is the best they could think of so that crypto traders can keep their assets safe and not be affected by the volatility of the cryptocurrency market. Despite the obvious shortcomings and implementation flaws, many crypto enthusiasts are confident that stablecoins have a great future. In particular, some experts believe that they can become a convenient tool for making transactions with real estate or securities.