Aether's TUSD stablecoin has put forth a proposal to peg its value to USDT on the Aave price feed. However, this proposal has met with skepticism from the community. TUSD, unlike USDT, is an on-chain asset-backed and derivatives-collateralized synthetic dollar stablecoin. A 5% price deviation could liquidate over $300 million in TUSD collateralized loans on Aave. However, Aave users are skeptical of this solution, claiming it does not address the underlying depegging issue. The proposal is still in the early stages of discussion and no formal voting schedule has been set.

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