The issue is that the entire concept and sector is all scams and gambling. Every part of it, every nook and cranny. There are literally no exceptions to this r

The issue is that the entire concept and sector is all scams and gambling. Every part of it, every nook and cranny. There are literally no exceptions to this rule and no core kernel of something important and enduring that will remain when this all blows over. Maybe some visible remnants will be visible here and there, in the sense that there’s still people that enjoy planting tulips now and then. But really there’s nothing under it all, there’s no productive enterprise that has ever been created by the entire sector. This isn’t just a rant it’s a direct answer to your question. The reason nobody cares about Tether, specifically, is because it’s not really notably distinguishable from any other part of the crypto “industry” in any meaningful way. Nobody wants to believe it but it’s happening at a pretty predictable pace and by now the inflection point has clearly passed. It’s all going to zero and many key players are going to jail. Some people who were savvy like the Coinbase guys will walk away permanently rich. Every dollar involved in making people rich from crypto, of course, will have come from those who lost money to this ultimately fraudulent craze, as at no time has anything of enduring value been created. Every single one.