$BNB Regulation of stablecoins is now a global focus alongside the rapid growth of this digital asset. Various countries are designing legal frameworks to ensure financial stability and protect investors. The general approach includes full and audited reserve requirements, licensing for issuers, and strict rules related to anti-money laundering (AML) and counter-terrorism financing (CFT). The aim is to mitigate systemic risks, maintain market integrity, and promote responsible innovation. Harmonization of regulations across jurisdictions has become crucial to prevent regulatory arbitrage and create a level playing field for all market participants.