Tether USDt (USDT)

#USDT #DOMINANCE | 2H

The next few days seem likely to be painful.

There is insufficient indication for a reversal.

The environment is left to the market maker's mercy.

Some wide-stop attempts can be made, but waiting a bit longer is better for a safer trade.

The market's orientation is uncertain; a single announcement could turn it into a chaotic environment.

Haste brings trouble.

Lyn Alden: stablecoins are going from $300B to potentially multiple trillions - and the US barely has to do anything.

"The US doesn't really have to do much. They just have to not stop it."

Africa has 40 currencies. Latin America has 30. Every border is a friction. Stablecoins dissolve that friction for anyone not on a sanctions list.

But there's a hidden cost...

Stablecoin holders get zero yield while Tether pockets all the interest.

"You're basically holding dollars without yield" while the supply grows 7% a year.

(It's not a free lunch)

FT @LynAldenContact @GoldRepublic.