The Bank of England's new £20,000 stablecoin holding limit could impact the broader stablecoin market, including Tether (USDT). Mike Dudas's "Tether to $2" comment, while likely sarcastic given USDT is pegged to $1, highlights potential volatility or a de-pegging event if regulatory pressures intensify. Investors should monitor stablecoin regulatory developments and their potential effect on USDT's peg.