rcohngru

There are two sides to every trade. Who would be willing to give up their BTC and ETH for banned Tether?

Couldn't the same be said for any major area that attracts millions of visitors each year? Before covid ~30 million people were visiting Paris each year from all over the world.

From what I have read, this is actually not the case. Remittances account for 1/5 of El Salvador's GDP, which is one of the highest ratios in the world. The companies that facilitate these remittances often charge pretty high fees, so the idea behind using bitcoin is to increase the amount of money that makes it home to El Salvador by reducing the cost incurred from transfer fees.

Right, but who would want to be on the other side of that trade? You're telling me that if I have something worth $0 and you have something of value, you'd want to make that trade with me?

The thought process here is that if you're stuck holding tether if/when it collapses, you can just sell for a crypto that hasn't collapsed. But who in their right minds would want to trade something of value for something that has just been shown to be worth $0?