It's a security and is regulated as such. So SEC, torts, etc. In this case if you're marketing $TOKEN as a stablecoin and there's no resources to back it up t

It's a security and is regulated as such. So SEC, torts, etc. In this case if you're marketing $TOKEN as a stablecoin and there's no resources to back it up then it's literally a $PONZICOIN. $USDC might be okay, I know they've made moves to back their coin in dollars and treasuries.