What this will do is make it easier for the US to export its dollars. When people can access to buy dollars with worse currencies easily and from their mobile, the demand is going to explode. In the EU they know this and that is why they have banned USDT.
Do you think this is a problem for Tether?
Read the latest news on their website.
https://tether.io/The company is working on new stablecoins for Europe and is also actively investing in platforms for asset tokenization.
I will never use a stablecoin again. Expect many bitcoiners to be mad when they sell their bitcoin before bear season starts. Their stablecoins will be frozen.
I think there will always be an alternative in the form of stablecoins like DAI.