I know that people are still thinking that a centralized coin can have huge success but believe me this is not the case, exchanges are being pressured by governments all over the place and they are experimenting the pressure we knew it was coming once bitcoin became more popular, the only thing that is needed for those coins to go to zero is for governments to ban them and suddenly those coins will hold no value anymore as governments can easily confiscate them, which is the main reason why bitcoin is decentralized.
Centralized "cryptocurrencies" are doomed to failure. They go against what Blockchain was created for in the first place. Stablecoins are nothing more than Fiat but digitized for banks' own benefit. We could say they're a precursor for what's coming next (which are CBDCs). I believe Tether will reach $0 after a full government crack down. The centralized model of Tether will allow governments to easily do what they want with it. The same cannot be said about truly-decentralized cryptocurrencies like Bitcoin and Ethereum.
How long will Tether last will greatly depend on governments' stance towards it. If Tether keeps up with government regulations, then it might never go down to zero. I've learned that in crypto land, anything's possible. So we should be prepared for the worse in case the market experiences a downfall after Tether's demise. With or without the stablecoin, crypto/Blockchain will be here to stay thanks to its decentralized and censorship-resistant design. Just my thoughts
