The cryptocurrency industry needs clear regulatory standards for stablecoins, similar to USDA organic certification. Without enforceable definitions, consumers lack protection and the term risks losing credibility as tokens like UST collapse.
This article argues that the stablecoin industry urgently needs uniform federal or global standards to define what qualifies as a stablecoin, drawing parallels to how the USDA established organic food certification. The piece highlights how tokens like UST and HUSD failed to maintain stability despite carrying the stablecoin label, yet regulators and media continue using the term loosely. Without legally enforceable definitions and certification processes, consumers lack protection for real-world use cases like payments, and the term risks becoming meaningless. The author contends that clear standards are essential for building trust and enabling mass adoption of blockchain technology for practical applications.
