Thats part of the point. Its how usd maintains global dominance. Tether is used all over, and Tether is one of the largest holders of treasuries. They keep buying tresuries as long as people keep using tether and the dollar remains supreme.
Login to reply
Replies (2)
Yes, but people want to see gains and a rise in purchasing power. Not something that just holds stagnant value. The dollar will remain but it won't gain value. I can imagine that eventually people will eventually realize this and transition to bitcoin. With this said, Tether and all other CBDCs are essentially pointless in the long run.
People also like to spend money on things and third world nations love stablecoins since their national currency is shit. There are billions of people and most are just trying to eat. They could give a fuck about ngu or anything else. And stablecoins offer that to them.