i disagree. i believe people have the agency to make their own decisions. the 3rd world is dollarizing the 3rd world because they keep adopting dollars they will get to bitcoin eventually, but they clearly aren’t ready yet. put another way: if tether shut down and disappeared, the 3rd world wouldn’t adopt bitcoin, someone else would just build what they want: a stablecoin

I think the 3rd world is quite hungry for Bitcoin, as is evidenced here on nostr. Anyway I'd rather have them build their own stablecoin, because then they wouldn't be required to buy US treasuries as reserves, as Tether is under the GENIUS act.

They're trying to spread out the burden of inflation. It may just end up with more people realising that the dollar too, just like all the other fiat currencies, is not the bedrock they imagine

Yeah, @strike should add some different pegged coins, something pegged to gold or silver instead of USA currency. Australian carbon credit tokens are very stable, something similar to that would be a much better stablecoin than coins pegged to USA currency.

The third world is simultaneously hungry for the upside of Bitcoin and the downside protection of stablecoins. Currently, with a preference for the downside protection, because being able to eat in a month when the price comes back up just isn't good enough. Bitcoin collateralized lending hopefully can help bridge the gap a bit, but it can only do so much, as they need to avoid being liquidated amid volatile swings. For as much as some of us are wishing to see another 2017 moonshot, perhaps the best thing for the third world would be to see the volatility around Bitcoin smooth out, such that the choice between having money tomorrow and eating today isn't one that they have to make.