Exactly my issue with OP's argument. If BTC price rises, trade volume grows, increasing demand for stablecoins due to their utility as a low-volatile alternati

Exactly my issue with OP's argument. If BTC price rises, trade volume grows, increasing demand for stablecoins due to their utility as a low-volatile alternative to fiat to bypass legislation. You would EXPECT this pattern to arise. Note also how OP does not show a graph of trade volume/buy-sell volume which would potentially show that it is used as claimed. I still think Tether is extremely shady for refusing audits and dubious backing. I avoid it like the plague and hope others are as smart.