Stable Ground or Shifting Sand? A Practical Investor's Guide to USD-Backed Tokens in an Era of US Regulatory Scrutiny
Stablecoins have become the connective tissue of the digital asset economy, yet not all dollar-pegged tokens are built on equally solid foundations. As US regulators move from observation to active rulemaking, the distinctions between reserve models, audit practices, and compliance postures are becoming the most consequential factors in evaluating stablecoin sustainability. This guide examines what those distinctions mean for investors navigating the current environment.
