It's still slow and tedious to move USD between exchanges, and likely raises a lot of flags with your bank. Being able to move USD between banks as fast and fr

It's still slow and tedious to move USD between exchanges, and likely raises a lot of flags with your bank. Being able to move USD between banks as fast and frictionlessly as you can move crypto makes it easier to take advantage of price differences on different exchanges. The tethers themselves are also tradeable with people who may or may not pay taxes or trade on KYC-compliant exchanges.