🚨USDT/Stablecoin mkt = Eurodollar 2.0 and future money market / yield curve

Very similar to old school Eurodollar market (tweet image). In those days it was major oil countries depositing unneeded USD in non-regulated European banks.

Today, it’s the FED printing worthless USD. Recycling it into an unregulated market to help grow a new financial system/lending mkts.

In doing so, you take an opaque and unknown market (ED) and turn it into a known traceable market while maintaining its ability to operate outside of regulatory bodies.