Brock Pierce candidacy has resulted in state agencies resuming investigation in Tether - Bitfinex case. Market cap of Tether has increase more than double in the past few months. Tether's decline could mean Coinbase backed USDC , Binance backed BUSD or DAI could be the next stable coin of choice. 2 years ago the collapse of tether would have meant an old style bank run but with the rise of other stable coins the impact would be much diluted.