There is one question to ask here: "Why is so much of the volume in BTC driven by USDT trades?", i.e. what exactly is so great about Tether that we're supposed

There is one question to ask here: "Why is so much of the volume in BTC driven by USDT trades?", i.e. what exactly is so great about Tether that we're supposed to believe everyone is actually buying it? It is supposed to be a stablecoin. That's meant to be exceedingly boring. Tether is anything but boring, with all kinds of intrigue, lack of transparency about its reserves, law suits and so on. There are a bunch of other stablecoins out there that just seem like better propositions, so why does crypto price action continue to be primarily driven by inflows from Tether?