Tether explains how it is able to maintain its peg on their official website. Spoiler alert: They don't explain anything

Tether's official website released an article named "How Tether USD₮ Is Able to Maintain Its Peg When Other Stablecoins Fall". So, there should be a professional explanation about their reserves? Nope.

The entire article is pretty much useless:

Given the recent losses UST investors suffered, many users may be questioning if they can trust Tether USD₮ given the spectacular collapse of UST.

Thankfully, all one needs to do is look at the history and track record of Tether USD₮.

Tether USD₮ has been relied on as the primary form of dollar-based liquidity in the crypto market for many years and the crypto market has not been without its share of dramatic crashes!

Like, what is this? They are saying they should be trusted entirely based on their track record, with no other explanation whatsoever??

The first half of the page is useless, so what about the second half?

The second half of the article is titled "How Does an Algorithmic Stablecoin Work?" and it's ALL they are talking about.

While UST is referred to as a stablecoin, it has nothing in common with collateralized stablecoins like Tether USD₮. UST is an algorithmic stablecoin.

Again, they are using UST as a scapegoat instead of addressing their reserves or any explanation of how they maintain their peg.

Source

The entire article is a joke and you should go read it for yourself.