Shortly after bitcoin came out, I thought to myself wouldn't it be cool to have cash on the blockchain. After all bitcoin got popular because it cannot be faked easily. Also some people don't like banks, or simply cannot trust them in their country, well tether can be held in online wallet, no need to keep cash under a pillow. Now tether itself seems a little bit expensive to send, place where I tried asked 2$ transaction fee, but I'm sure someone could create a dollar pegged coin cheaper to send.