Tether-backed Oobit has opened up global bank transfers, which essentially means that the channels for inflow and outflow of funds have become wider. In the current macro environment, Tether is clearly not satisfied with just being a stablecoin printing machine; it is aiming for a global payment settlement center.
From the perspective of chips and liquidity, this kind of infrastructure-related good news is a typical example of "lurking logic." Although it can't directly launch Bitcoin in the short term, the lower the barriers for inflow and outflow, the smoother it will be for those old money players to enter the market. Right now, U.S. Treasury yields are still a concern, and the expansion of this fiat currency channel is actually the best moat. The big players are paving the way ahead while retail investors are still tangled up in next week's macro indicators; this wave of dimensionality reduction does have some substance. Do you think this kind of penetration at the payment end can withstand the pressure of macro quantitative tightening? #CryptoNews #Tether #Oobit $BTC
