Part 11/16:
This strategic evolution could culminate in an ultra-hard monetary base, settling in Satoshis, that outperforms sovereign currencies in speed, security, and resilience.
Comparing the Financial Infrastructure: Fed Wire vs. USDT
Livingston provocatively compares traditional legacy settlement systems like Fed wire to Tether’s blockchain rails. The Fed wire moves about $4.5 trillion daily but is hampered by operational downtime and slower settlement times. In contrast, Tether’s on-chain transaction volume already exceeds $20 billion daily, settling near-instantaneously and continuously.