From the streets of El Salvador to the boardrooms of Wall Street, shifting market dynamics have propelled Bitcoin from the fringes of the internet to the center of global financial discourse. The return of Tether (USDt) on Bitcoin signals its evolution from the “digital gold” and “store-of-value” narrative to a payment network powering the tokenization of financial assets. Bitcoin holds a dominant position in the digital asset sector, reflected by a 60% dominance, and market capitalization of...