Dare ObasanjoStablecoins like Tether remind me of Uber. Regulation led to products with poor user experience (taxis) so there was a window of opportunity for Uber to show up with a better user experience which ignored regulations until it was tok big to ban.
Regulations on foreign exchange transactions especially in emerging markets with unstable currencies have created a similar situation for Tether and other stablecoins.
Crypto’s ‘Too Big to Fail’ Token Tether Faces New Threat From US
Of all the legal actions taken against cryptocurrency companies by US regulators and prosecutors over the past year, arguably none threatens to shake up the digital-asset industry as much as a potential crackdown on Tether Holdings Ltd.
D.C.U.K.
Kevin Karhan 
Jerome