This question is obviously a bit like putting the cart before the horse but a relevant question I’m curious of others opinions on.
A stable coin, especially a well known and highly used one backed by the worlds “reserve” currency (though I know some countries are distancing from) is needed to have successful DeFi projects and/or DEXes able to launch on the SAFE Network.
I personally view Tether as crooked but serving a purpose.
They would be attracted to SAFE because of having multi-sig (one reason they used Omni which is built on top of Bitcoin) and also high transactions speeds and low fees (why they use other newer blockchains more than Omni). I’m assuming smart contract ability would be attractive too which is something that SAFE can achieve once BLS is integrated (multi-sig).
So having them dedicate liquidity to SAFE if Tether was supported might not be so difficult but the question is, do we want to invite that? It’s inevitable right? I’m guessing there would HAVE to be a transactions fee but likely highly minimal compared to other protocols. Is it inviting too much traffic too soon or would it possibly be a boon to the ecosystem? Would they not supply Tether liquidity until there was a certain level of adoption?
I’d like to hear your thoughts.