Part 14/16:
Tether and US Dollar Dominance
Tether remains the cornerstone of the crypto ecosystem. The U.S. government’s efforts to control or ban USDT would be complicated:
Offshore Nature: Tether operates largely offshore, making regulatory suppression difficult.
Synergy with US Dollar: Tether’s ties to the dollar help sustain dollar dominance whilst facilitating crypto transactions.
Market Dynamics: Tether’s enormous trading volume (roughly $50 billion daily) underscores its importance.