I think that over time, all states will be forced to regulate the circulation of private stablecoins on their territory. With the advent of digitized central bank currencies, i.e. government stablecoins, regulation of private and other commercial stablecoins will become more stringent, or even banned entirely, unless they fully comply with all regulatory requirements. Here we cannot oppose them with something. After all, if their national currency is used as collateral, they have every right to regulate the circulation of these stablecoins.