[smabie]

What would happen to all the future and swap denominated USDT contracts? What would happen to all of the AMM pools? What would happen to all the firms who keep tether reserves to trade with?

It would be a blood bath. Almost everyone who works professionally in crypto agrees with this statement.

Moreover, BUSD is kind of a joke and the only thing I ever use it for is trading a couple BUSD denominated binance swap products.

[bavell]

I for one can't wait to see the blood bath from crypto "professionals" who foolishly got tangled up in tether!