Is it possible that if cryptocurrency gets accepted all over the country, tether or any other stable coin will start creating stable coin for all the currency available in the world? I think they will go for that and create money out of thin air. What do you think? Will tether do that ever in the future once crypto goes more mainstream? Or govt themselves will create their own currency at the end?
PS- Self-moderated thread to prevent spam.
Tether or others statblecoin (like Gold stablecoin) in the market will only create stablecoin for all currency in the world if only they have an agreement with each country government just like the Angullia government and Temtum project did and i dont see that happening due to the government centralization, they will prefer to issue their national cryptocurrency by themselve.