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Isn't the whole idea of Bitcoin to have a decentralized network that is useful and fair? Isn't that Tether?
If you want to avoid the volatility of Bitcoin and you want your funds to become stable, you can convert it to Tether USDT.
I can see these situations in most of the traders, they are mostly doing it in exchange for where most of their funds are stored in exchanges.
So, some also transferring it to their personal wallet after converting.