Tether: Challenging the USD’s Hegemony, Championing CBDC and Beyond

[Nikko]

Tether: Challenging the USD’s Hegemony, Championing CBDC and Beyond

Exploring six major points regarding Tether’s impact on geopolitics and the future development of sovereign digital currency.
In 2008, a momentous occasion took place with the release of the Bitcoin (BTC) white paper. With author Satoshi Nakamoto explicitly calling for the deconstruction of financial intermediaries, regulators around the world were put on alert, particularly as Wall Street faced one of its biggest crises since the 1930s. While Bitcoin’s lack of a stable pricing mechanism has prevented it from becoming a commonly accepted medium of exchange, Tether (USDT) — one of the earliest stablecoins, developed by Tether Ltd. — has addressed this.

Readmore: https://cointelegraph.com/news/tether-challenging-the-usds-hegemony-championing-cbdc-and-beyond