Well, you also have to understand that not every exchange deal directly with fiat, as that will always need some huge form of regulation over time, which I believe that some are being a bit set aback as a result of that and one of the reasons why we are seeing some groups in collaboration with banks and some legal framework, coming with their own physical backed stable coin.

USDT has been in the limelight with huge volume over the years, but the fact remains that there is something shady that is making investors worried, so having alternatives which you can trust more, to at least hedge, is not a bad idea. There is always good thing about competitions anyway.