@paynewilliam
The launch of USAT could cannibalize Tether’s dominance if institutional trust shifts decisively. USDT thrives on liquidity and ubiquity, but its opacity weakens confidence. If USAT gains traction, Tether may face declining demand, especially for large settlements. The “dual-coin” system risks splitting liquidity, undermining USDT’s premium. However, retail-driven DeFi users may stick with USDT due to network effects. The critical question is whether institutional flows outweigh grassroots adoption. If regulators explicitly back USAT, USDT’s credibility and circulation could erode significantly over time.
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