[delabay]

Stablecoins are now a regulated industry with laws in place to address this very concern. Tether is currently not compliant, but as the largest player in the space, has a great incentive to maintain its dominance.

[axus]

Regulated industry.. like banking, stocks, and mortgage origination!

[duxup]

What would the regulation ... enforce?

Some sort of behavior by Tether and others?

[delabay]

Regulators also have enforcement functions.

Are you asking how laws work?