$

Tether is flying too close to the sun. The proximity that the stablecoin company is having with the U.S. government is making it transition from a tool of financial freedom to an asset to expand the control and hegemony of the U.S. government.

In its history, Tether has served noble purposes. It has been a financial lifeline for thousands of people in countries where their rulers defrauded them and destroyed their currencies. It has been one of the few stablecoins that has actively sought to expand in the Bitcoin and Lightning ecosystem. It has ventured into the decentralization of mining. It promotes privacy technologies such as HolePunch that offer resistance against digital hyper-surveillance. These, among other actions, have earned it trust among bitcoiners.