The backing of stable coins is not an issue. The real issue is: 1) Anyone can send a stablecoin to anyone without any permission. People do it currently at a l

The backing of stable coins is not an issue. The real issue is: 1) Anyone can send a stablecoin to anyone without any permission. People do it currently at a large scale. That is not acceptable to the governments because it takes a crucial element of control away from them. 2) Unlike bitcoin, all stable coins have a single point of failure - a bank account that holds funds can be frozen, a CEO of a company can be arrested. That's why all centralized stable coins will be decommissioned sooner or later.