From my personal perspective, the most important comparison this time is about whose hands your assets are actually in. In the crypto world, we always say: Not your key, Not your coin (if it’s not your private key, it’s not your coin). But with the emergence of stablecoins, while they meet everyone’s daily exchange needs, even if you hold the private key, it might not truly be your asset. So, who really has the authority to decide whether your asset is compliant or not? Someone in the comments mentioned being cautious about the U.S. taking your assets. On the contrary, I feel that if a sovereign nation acts as the judge, it might actually be better. But if the judge is just a businessman or a company, then if they determine my asset to be non-compliant, how am I supposed to prove otherwise? And will they prove it to me first before freezing my assets, or will they freeze them first and then wait for me to prove it myself?