My thesis is that Tether reflects offshore liquidity coming into digital assets from Western offshore banking networks, And Binance or BUSD is Asian dollar liquidity coming into digital assets over the Binance platform. Both have a strong backing as China decreases its dollar holdings BUSD creates a consistent demand for dollars and digital assets making a perfect way to recapitalize those dollars, And Tether being the digital dollar for many financial crimes as well as Tethers holdings of US Treasury’s and gold. Stable coins are beginning to reflect the economic competition of the east and west. https://image.nostr.build/bd5db03ed7783cde98eea37bf41c03f75f4f31404e58193ec9c94a18b17b8ce7.jpg