More than 80% of BTC and ETH trades are done using USDT. So the fall of Tether could prove catastrophic for the market

No company should have this much power in the market.

We see it all the time. Exchanges like Binance and Coinbase forcing USDT down our throats.

We all know at this point that there are some under-the-table deals between Tether and these exchanges.

I mean, why would they force us to use a coin that mints coins out of thin air? When there are much better coins with a 1: 1 gatio like USDS and EURST or others like UST that are backed by a coin with actual value (Luna) ... just seems fishy to me.