Max Keiser, senior adviser to El Salvador President Nayib Bukele, said people around the world are withdrawing from unsecured banknotes such as U.S. dollars and buying Bitcoin.
For millions of people in countries like Brazil, where access to banking services is difficult, Tether is an on-ramp. For millions of people, using Tether is easier than buying U.S. dollars, so Tether has become an alternative to the U.S. dollar.
The Washington, D.C., government officials I’ve spoken to (and the list goes on and on) tell me they see Tether as the dollar’s savior.
They are working to get more Washington, D.C., government officials to realize how bleak the U.S. dollar’s prospects for a large part of the global economy will be without Tether.
Tether is fighting for the dollar and only scammers and freedom haters would think otherwise.