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.
Tether is creating a stablecoin like EUR for the EU? How odd is that, it should be a company from EU also that should create this or else, it would only mean Tether controls the EUR. EU is doomed in that case.
Stablecoin is going to be the main currency for all because this is what merchants will prefer to received. However this is going to make you visible to the companies issuing the stablecoins. If surveillance is that he is concern about, its too late. Stabelcoins is the real CBDC.
"Stablecoins are real CBDCs" - I strongly disagree with this statement.
CBDCs are issued and controlled by the country's central bank, while stablecoins are issued and controlled by a commercial company.
For example, if you live in Europe, your central bank
can very quickly force Tether to block the EUR stablecoin, but your central bank will not be able to quickly block the USDT stablecoin.