I don't see it that way! If tether can't be converted to USD. People will convert it to crypto right? Where else will they go in exchanges that only support usdt. It goes to crypto if people can't do anything else with it. I think crypto will actually benefit. If bitttrex announces tomorrow we can't use tether anymore. It will get dumped to crypto. Now U.S really can't do much other than block U.S exchanges from using usdt.
You are viewing a single comment's thread from:
Actually, you may be right. If people can't 'flee' crypto into Tether, and there are only a limited amount of fiat gateways there may be a situation where people can't get their money out and it will stay in crypto!