I think launching a stablecoin like USDVN is a very worthwhile direction to consider and could even resolve most of the current deadlocks in managing crypto in Vietnam.

Crypto is not securities – Don't manage it like 'the beard of one man stuck in the chin of another woman's.'
Applying the mindset of managing securities to control the crypto market is causing a wave of controversy. Crypto does not represent company shares, does not trade during business hours, and cannot be controlled by a centralized mechanism. So why is there still a tendency to 'force' crypto into the framework of securities?
1. Management does not understand the nature correctly: