Former SEC Official Slams Stablecoins: “Neither stable nor coins”  

While stablecoins continue to grow in usage while garnering legislative attention that may provide a regulatory regime to propel them further, some industry observers are non-believers of fiat-backed crypto.

https://www.crowdfundinsider.com/2022/08/194698-former-sec-official-slams-stablecoins-neither-stable-nor-coins/