The only reason I use USDT is to send money to my friend in Gaza.

It's more convenient for him than using Bitcoin.

The whole idea of stablecoins like USDT that are backed by debt token currency makes absolutely no sense to me, when the US dollars collapse USDT is going down with it.

A better idea for stablecoins is tying them directly to assets.

I do some very small day trading between shitcoins alt coins etc. and stablecoins, i use some gold and silver backed stablecoins that are created by a Swiss bank mainly.

For swapping, instead of withdrawing the money as dollars to buy Bitcoin, buy dips wait and swap to stablecoins then swap whenever shitcoins dip and repeat until enough to cash out for sats or send some USDT to my friend.

He's only using USDT because it's easier to convert to the local currency.

Nobody stores value in these debt backed stablecoins. Moment the dollar or euro for the euro backed ones goes down those stablecoins become worthless