Crypto was never meant to be about pleasing the system
While meme-stablecoins were busy getting regulatory gold stars, Tether was busy becoming the people's currency. Here's how playing nice became other issuers' biggest strategic mistake.
Let's talk about the two paths in the stablecoin revolution:
But here's what everyone misses: The nice guy doesn't always win. Sometimes, being market-focused is the best strategy.
Meme-stablecoins' playbook was perfect on paper:
Meanwhile, Tether chose market reality:
Here's the billion-dollar insight: While meme-stablecoins were collecting permits, Tether was collecting users.
The results speak for themselves:
Meme-stablecoins' fundamental error:
Tether's path to dominance:
But here's where it gets interesting: Tether didn't just win – it became indispensable.
Consider the reality:
While meme-stablecoins were trying to please everyone:
The real lesson isn't about rebellion – it's about understanding market needs:
The path forward is clear:
Welcome to the new financial order.
The question isn't who plays nice. The question is: Who's actually useful?
Meme-stablecoins tried to join the system. Tether became the system.
And that has made all the difference.
Remember: In crypto, market relevance isn't just a feature. It's the essential feature.
"Meme-stablecoins," a term coined by Tether CEO Paolo Ardoino, refers to stablecoins that prioritize regulatory compliance and institutional approval over actual market utility and user adoption – digital assets that look good on paper but fail to deliver real-world value.