>a majority of exchange trading pairs are between currencies and USDT. (not financial advice)
Is that actually true? In my (limited) experience I have seen ETH and USDC much more frequently than USDT.
There also seems to be a recent migration to algorithmic stablecoins like RAI which aren't pegged to the dollar but are (supposedly) designed to limit fluctuation in value. I suspect that without regulatory action against both USDC and decentralize stable tokens that crypto would recover from a Tether collapse.
Is that actually true? In my (limited) experience I have seen ETH and USDC much more frequently than USDT.
There also seems to be a recent migration to algorithmic stablecoins like RAI which aren't pegged to the dollar but are (supposedly) designed to limit fluctuation in value. I suspect that without regulatory action against both USDC and decentralize stable tokens that crypto would recover from a Tether collapse.