USDT as Shadow Federal Reserve for Sanctioned Entities

The figures revealed today by Sberbank (Russia's largest state-owned bank) are quite a dark joke: $46 billion in cryptocurrency trading volume, and they are about to launch USDT-backed loans 🌚 The US kicked it out of SWIFT, forcing it to spend the last two years rallying others to settle in local currencies. As a result, it accumulated a pile of Indian Rupees that it couldn't spend. When it finally came time to issue collateralized loans within its own system, what the Russian national team put forward was still crypto-dollars. Everyone wants to bypass the jurisdiction of the US Treasury, but no one actually wants to leave the Dollar. After all the turmoil, Tether has instead become the shadow Federal Reserve of this parallel world. $USDT