In late 2008, an anonymous figure by the alias of Satoshi Nakamoto published the first Bitcoin whitepaper.\[i] While it would take some years for this paper, and its subject Bitcoin, to become mainstream, the seeds of a workable digital currency were sown. In Bitcoin, the world finally had a trustless, P2P, digital currency that worked. However, as the years passed by and activity on the Bitcoin blockchain grew, the thesis of Bitcoin fulfilling its intended destiny as a global online currency began to crack. Simply put, Bitcoin could not handle high transaction throughput and it was too volatile to serve as a medium of exchange. In 2014, a superior form of digital currency emerged from the Bitcoin community: the stablecoin, a digital token that is representative of a real-life currency unit. From 2014 up to today, the use of stablecoins has increased exponentially and parties ranging from financial regulators to banks to consumers are beginning to feel the effects of an innovative technology that most have yet to fully understand. While stablecoin technology can be frightening, and does come with a new set of risks, its potential for impact is significant, especially in the case of the global economy and society at large. This brings me to the purpose of this post, which is twofold. Firstly, this post will detail an argument for the utility of stablecoins, their benefits, and how those benefits stand to be greater than the drawbacks. Secondly, this post introduces a discussion around potential regulatory approaches to centrally issued stablecoins and proposes a high-level regulatory framework that addresses stablecoins in a thoughtful and innovation-friendly way.