There are some remarkable similarities between Tether and the history of "Euro-Dollars".

When Euro-Dollars first appeared in late 50s the US was initially had a negative view of them (not the least of which because the prime user of ED's was Soviet Union).

That negativity eventually moved to a positive view as they saw it just cemented dollars status and increased demand for dollars (and allowed them to 'export inflation' to a wider base).

Its very similar situation with USDT Tether. In the end, it helps king-shitcoin hold onto to its status as reserve currency.

Thus, I think with Lutnick at Commerce we will see the blessing of stablecoins and they will be encouraged their use for international payment.

All this is obviously good for bitcoin, because as soon as people move funds to completely native digital, they will want to hold a portion in bitcoin for long-term SoV reasons.