Tether by far is the largest stablecoin issuer and Paolo the CEO has said multiple times despite stablecoin success on multiple chains that he is a Bitcoiner and doesnt like any other chains as rails They are already creating a chain just for stablecoins with fees in kind and this goes hand in hand with creating a US domestic stablecoin Due to Genius Act even Tether needs to create a new US domestic market stablecoin due to kyc/aml, card banking rails etc ability to freeze etc As ive said before US adoption of stablecoins is not going to look anything like what degens imagine - this is not a shitcoin rail free for all - its heavily regulated and controlled and the goal is not decentralisation I recommend people look into this to have a more balanced view