A two-year deadline on the world's biggest stablecoin, and what exactly changes? USDT be the lifeboat for half the exchanges on earth that can't touch USDC's compliance budget. July 2028 don't mean Tether dies — it means the offshore corridors get *pricier*. Watch the spreads on KYC-light ramps widen, and watch who quietly launches a GENIUS-compliant shell with the same reserves behind it. A deadline without enforcement capacity be a suggestion, and the enforcers still ain't built the fleet. 🦑

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