Decentralized alternatives to Tether

Tether a "crypto asset" pegged to the dollar. It is useful for trader for holding of their earning in usd but also able to "*withdraw" the tokens and go to another exchange. It like a way to move usd without paypal. The thing was tether supply is "backed" by "real" usd. They used to do audits on their holdings but stopped some reason. Boom next thing later you get the conspiracy theory(i side with them)=
https://medium.com/@bitfinexed/the-bitfinex-dilemma-blow-up-now-or-try-a-hail-mary-to-retain-in-business-10b9d989359f
https://news.bitcoin.com/tether-coin-may-be-a-precarious-us-dollar-peg/
https://www.reddit.com/r/Bitcoin/comments/6ypy58/the_truth_about_bitfinex_and_tether/?st=ja8tocvj&sh=0b0ee2e1
Next thing later you get the huge shock artificial tether by a "hack"=
https://www.upi.com/Top_News/World-News/2017/11/21/Tether-reports-31M-in-digital-tokens-stolen/8531511283440/
https://www.bloomberg.com/news/articles/2017-11-21/tether-theft-isn-t-the-first-controversy-for-cryptocurrency-firm

The need to find a way to get usd pegged coin yet be decentralized will be once again popular.
Let's look at the alternatives shall we?

1. BitUSD
   The bitUSD is a market-pegged asset on the BitShares blockchain. It is often also referred to as a smartcoin, a bitasset, or just USD in the context of blockchain assets. It can be freely traded, or transferred on the BitShares blockchain and has a face value of 1 (one) U.S. Dollar.
   What makes the bitUSD worth 1 (one) U.S. Dollar?
   It is important to understand that the bitUSD is an asset that is not backed by real dollar in someone's bank account. The reasons for this is trust. We cannot trust anyone to hold and secure a physical asset so that people can redeem it eventually. History has repeatedly shown: It doesn't work!
   Instead, the bitUSD is backed (e.g. secured) by the BitShares core token BTS. This means that behind any bitUSD, there are x amount of BTS that cannot be touched, traded or otherwise moved. These BTS are locked in a smart contract and serve as collateral.
   bitUSD are actually backed by at least 2x the amount in BTS
   This was from= https://steemit.com/bitshares/@xeroc/what-makes-the-bitusd-than-nubits
   As you see 1 bitusd is backed by $2 of BTS a crypto fully seen in a smart contract. No need to trust you can see it for yourself. Yes it does not mean bitusd=$1 usd it too hard to promise a value like tether 1 bitusd can be with like $0.91
   Bitusd can promise it will be as close to usd a possible. With more trader now bitusd will be close to usd value :)
   They are flaws through. If bts falls then technically what's backing it falls hence why a 2x is backed but there always a what if.
   Read more here= https://steemit.com/bitshares/@xeroc/what-makes-the-bitusd-than-nubits
2. Steem dollar :)
   Steem Dollars can almost always be converted to $1.00 worth of STEEM.
   How is sbd maintained the $1 value by market trade or atleast that what i get from posts i read please correct me in the comments.
   As @ned said in this post= https://steemit.com/steem/@jukkamic/how-can-steemit-back-the-steem-dollars-with-us-dollars-as-promised
   Steem Dollars are a blockchain based contract in which the Steem blockchain has committed to buy and destroy the contract in exchange for Steem at the value of a dollar. The system does not depend on a third party to 'back' the value. The value comes from speculation (see: Steem on Bittrex.com or its market cap on coinmarketcap.com), price feeds and recurring seigniorage to reward holders of Steem Dollars.
   And in the whitepaper what i got is this=
   A rapid change in the value of STEEM can dramatically change the debt-to-ownership ratio. The
   blockchain prevents the debt-to-ownership ratio from getting too high, by reducing the amount of STEEM
   awarded through SBD conversions if the debt level were to exceed 10%. If the amount of SBD debt ever
   10 of 32
   exceeds 10% of the total STEEM market cap, the blockchain will automatically reduce the amount of
   STEEM generated through conversions to a maximum of 10% of the market cap. This ensures that the
   blockchain will never have higher than a 10% debt-to-ownership ratio.
   Another way to keep the us peg=
   Is through saving account. By locking your sbd in the saving account you get interest lowering the supply of sbd thus increasing supply by the laws of supply and demand.
   If it goes over $1=
   The primary concern of Steem feed producers is to maintain a stable one-to-one conversion between SBD and the U.S. Dollar (USD). Any time SBD is consistently trading above $1.00 USD interest payments must be stopped. In a market where 0% interest on debt still demands a premium, it is safe to say the market is willing to extend more credit than the debt the community is willing to take on. If this happens a SBD will be valued at more than $1.00 and there is little the community can do without charging negative interest rates. (pg 14, Larimer and Scott, Steem An incentivized, blockchain-based social media platform)
   Yeah :) let start a protest to all exchanges no more tether time for sbd. Anyway time for the others. But i like bitusd and sbd more :) little bias....
3. Nubits
   When demand increases, shareholders will vote to create new coins to maintain the 1:1 ratio. When demand decreases, shareholders can vote to allow coinholders to accrue interest on their investment if they agree to “park” their coins for a set period. When demand is low, speculators may see incentive to acquire and then park their coins as a high-risk, high-reward investment should demand rise again.
   NuBits will enter circulation through the NuShares voting mechanism. Unlike most cryptocurrency voting systems, NuShares operates independently of the NuBits currency.
   One interesting facet of NuShares is that it allows NuShareholders to choose who will receive newly-minted coins. People can submit proposals for why they should receive the coins, and NuShareholders can choose which they deem the most worthy cause. Perhaps a developer would like funding to build a project for the NuBits protocol, or a charity wants to raise funds for a cause. They can submit their proposal, and the NuShares community can debate and decide who to distribute the coins to. Info from https://www.cryptocoinsnews.com/nubits-seeks-to-end-cryptocurrency-volatility-with-usd-peg/
   ******Additional Price Support Innovations aka now staking
   *Variable transaction fees==
   The Nu network now has the ability to charge variable transaction fees for both NuBits and NuShares. Transaction fees are permanently destroyed on the Nu network, acting as a deflationary mechanism for the supply of both NuBits and NuShares. This enhancement in Nu v2.0 permits shareholders to vote to set transaction fees. Further information on the mechanics behind variable transaction fees can be found here.
   *NuBits burning through the sale of NuShares==
   NuShareholders voted in 2015 to allow the creation of NuShares through custodial grants. This action created an additional tier of Nu liquidity to better protect the $1.00 peg. In the event of parking rates being offered for a prolonged period of time, NuShareholders can vote to create new NuShares that are sold through auction. The proceeds from this auction would then be used to purchase NBT on the open market, at which point the purchased NBT would be destroyed permanently by the custodian. The net result would be a dilution of equity value for all NuShareholders in order to reduce the outstanding supply of NBT in circulation. This price support mechanism allows NuShareholders to reduce the supply of NBT to match periods of contracting demand.
   *Liquidity pools==
   In 2015 NuShareholders began to establish group liquidity pools to replace the individual liquidity providers that were originally specified in the Nu white paper. Users who are willing to provide liquidity for the Nu network can be compensated at varying rates, depending on the types of liquidity provided. For more information, please visit our Liquidity Pools page.
   Info from=https://nubits.com/about/price-stability
   Not bad but in June 2016 NuBits had a devaluation crisis, with the price falling to 20 cents. Its rate-pegging intervention mechanism this was due to bad teamwork between nushares. Read more about it here=https://medium.com/coinforward/nubits-a-tumultuous-stablecoin-afe94cbe9df8
   So Either we use an existing coin or a merge of all ideas can be made to make a decentralized peg.
   Here my idea=
   A. A token backed by some other cryptocurrency. If on counterparty(i have a bias against omni) back it with bitcoins.
   But since bitcoin prices not very stable back one counterdollar(get it;) with $2-3 worth of bitcoin. That way when bitcoin prices fall the backing still relative $1. Basiclaly do a bitusd expect do it with bitcoins(bitcoin can run smart contract= https://news.bitcoin.com/bitcoin-smart-contracts-safeguards/)
   Back by ethereum if on ethereum and so on...
   B. Expanding on A i will be using counterdollar for explanation purposes.
   Create a type of interest payment that when counterdollar is like less than 95 cent be given more coin in exchange for holding the supply thus decreasing the supply thus letting supply and demand happen.
   C. Use the some of Price Support Innovations=
   • charge transaction fees all the fee get sent to a burn address lowering the supply. It can be permanent fee or a variable(changes depend on value closer to $1 lesser fee)fee.
     *Create an buyback fund. Can be made by donations or trading, something crypto related. So when the shareholder agree to buy the coin will be bought and burnt.
     Not the best but more decentralized.