I have heard that FTX was used for money laundering operations, especially concerning Ukraine. I don't doubt this, although I still don't understand FTX's role in this particular case of money laundering.
What I do know is that a majority of the Tether (USDT) ever minted was owned or passed through FTX & Alameda Research. If Tether had a shaky reputation before this scandal, then FTX is essentially the kiss of death for Tether. However, Tether may survive for the same reason FTX was allowed to exist: it was a tool for many behind-the-scenes players.
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There were more details about money laundering operations on the first video I shared. There are some truly messed up things regarding how the Ukraine funds were handled: https://slaynews.com/news/biden-admin-unable-account-20-billion-us-aid-sent-ukraine
A very important thing to know about stablecoins is that they are mostly US debt. @d-zero had a great article written about this: https://ecency.com/hive-167922/@d-zero/millions-of-crypto-investors-got-duped-into-buying-us-debt