The foremost goal of a stablecoin remains to provide stability. Like with any traditional security, the regulator keeps a strict adherence to the primary intention of that asset. An equity comes with full and fair disclosure of the underlying company (SEC), while derivative trading should occur under optimal market conditions (NFA).
Yet the USA, home to the most active stock exchange in the world (NYSE), maintains no such regulator for stablecoins or for any tokens at all. Similarly, the EU and Japan fail to demonstrate any form of current, effective stablecoin regulation.
Meanwhile, the market capitalization of Tether grew from less than 1 million USD to over 66 billion USD in less than six years. Tether currently sits as the third largest cryptocurrency in the world, following Bitcoin and Ethereum.
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