In a practical sense, this is how it works. 1) Tether is by far the biggest, and it's run by bitcoiners 2) Because banks rugged exchanges in the early days USDT became the other side of the book. BTCUSDT is way bigger than BTCUSD. 3) USDT being the other side of the book grows with BTC market cap, hence the incentive for Tether is to protect BTC. 4) Given this BTC powered growth trajectory, Tether will eventually become the biggest US treasury buyer. With that comes a lot of defensive power to government attack. Overall it's strengthening BTC, therefore freedom.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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