(10:1 they are talking about USDT)
Theory: Tether is now a 21st century privateer raiding Chinese consumer value behind the CNH financial firewall and that's why they are allowed to continue to exist.
Stablecoins are now spoken of as a "national security issue".
That doesn't always mean it's a threat to the US.
That doesn't always mean it's a threat to the US.
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