I'll be honest I'm not sure about how the stable coin works, nor have I thought that much about whether the US or other powerful country could censor transactions. I suspect their opreating companies could fall out of favour just aas easily as they won it.
There are many ways to make a stable coin. All of them require some amount of centralization. Centralization = a throat to choke. If the US wants to shut down a stablecoin, they can.
I'll be honest I'm not sure about how the stable coin works, nor have I thought that much about whether the US or other powerful country could censor transactions. I suspect their opreating companies could fall out of favour just aas easily as they won it.