Whether it's SWIFT or the OUSD that went viral a few days ago, they're all targeting @circle @tether is just sitting back and watching the fight, quietly making big money in the offshore market. The gray area of the offshore market will belong to stablecoins in the future. The compliant onshore market will still belong to traditional institutions. Even if crypto projects get licensed, they're just the 'adopted kids'—definitely not as favored as the 'biological kids' Plus, traditional banks in Europe and the US are basically tax collectors