The rise of the stable coins: Will they be the next to endure regulatory scrutiny from the SEC?

A “stable coin” is a cryptocurrency that is pegged to another stable asset, like gold or the U.S. dollar, but is not tied to a central bank. This allows for using cryptocurrency to pay for everyday things. As the cryptocurrency markets continue to sink, stable coins are mushrooming like there’s no tomorrow. It will probably only be a matter of time before the SEC turns its attention to this class of digital assets.