We might not want that to become true hehe. Tether and presently also USDC appear to be supporting the whole cryptospace market. If they die, the market’s liquidity dies by maybe 50% or more?
Also, I was excited about strike.me’s original plan in El Salvador because it would redollarize the country through a stablecoin without owning a Federal Reserve printer hehehe. It would have given Tether real utility.
It'll be a setback for sure, but one I'm willing to take for the medium-term. I'm not one to discredit any external factor. We be hating on them stablecoins and influencers and what-haves but they've all gone and done their bit, can't disregard that. If they die, Bitcoin remains, and there'll be other forms of liquidity, arguably more organic and more resilient.
On El-Salvador, that's a point. They dollarised, and failed. Redollarisation isn't a magic wand, they found that out (neither is Bitcoin).