This is coming, governments are not going to allow for centralized stable coins to keep on existing much longer, if they can make them disappear then a lot of traders will switch and will begin to use their CBDCs, and this means they will be able to ask them all kind of questions about the source of their funds.
And if they do not like what they hear they can easily block them and keep their coins, but for this future to come to happen independent stable coins need to be destroyed, which is why we are seeing the pressure on stable coins increasing lately.
And if they do not like what they hear they can easily block them and keep their coins, but for this future to come to happen independent stable coins need to be destroyed, which is why we are seeing the pressure on stable coins increasing lately.
The only way stablecoins will survive is if governments adopt them as their own. Something like a partnership between the issuing company and the government itself. That would eliminate the need for central banks to reinvent the wheel by launching their very own digital currency (CBDC). But there's a small chance this will happen in the future, as governments always want control over everything. We can say bye-bye to Tether for good once governments decide (especially the US government) to hit the "kill switch". It would be easy enough to shut USDT down because of its centralized nature.
I'm pretty sure a USDT collapse would be a huge blow to the crypto market. Prices will decline for a prolonged period of time. No one can predict the future, so lets hope for the best. Just my opinion
