The advantage is free insurance if it turns out that the stable coin you picked happens to be a scam. Bringing crypto coin scammers some of that too big to fail

The advantage is free insurance if it turns out that the stable coin you picked happens to be a scam. Bringing crypto coin scammers some of that too big to fail money... In exchange governments would get to make the insured coins as regulated and surveilled and inefficient as regular money... So from the perspective of a tether owner, or better yet tether stock owner who thinks its not a scam, well not intentionally at least, then yeah that would be great. Less loss, and less prison time, and for government, well who wants effective banking right... Its a terrible idea of course, but the regulation might be difficult to avoid for long, but historically speaking it takes around a 50 years before it kicks in.