The dynamic blockchain market grapples with a unique struggle, one faced by stablecoin issuers, who are caught in a complex, rapidly evolving regulatory environment. The strategy to navigate this landscape is by no means straight-forward. As the article underlines, legal clarity remains elusive and policy makers across the globe are on disparate pages when it comes to regulating stablecoins or determining the overseeing agency for them. The pursuit for stablecoins' legislation reflects the broader concerns of governments about these coins' potential to interfere with financial stability and disrupt traditional monetary policy.