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.

I think this is a strange argument. You’re saying it’s ok to do something wrong because they’d be doing it wrong anyway. I would focus on Bitcoin adoption only.

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I somewhat agree, not that they aren't ready for Bitcoin though, from what I can tell third world countries have more adoption of Bitcoin. And anything that would stop someone using Bitcoin is going to stop them using tether(lack of electricity etc.) But you're right the people using tether would mostly adopt a different pegged coins if tether disappeared . It'd be cool to see some "stablecoins" not based on USD, probably not something you're worried about for now but there's crypto pegged to gold, silver, carbon credits, other currencies, etc.

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.