What moving target? 1 share is always 1 share.

It's not the blockchain company's job, but the token issuer's. Just like with stablecoins. No difference. But instead of backing the token with USD, it will be backed by shares.

The regulations are for the issuer, not the user. Stablecoins are not subject to user KYC either.

SpaceHodler

The problem with pegging (aside from phrasing) is that USDT is pegged to a specific amount at all times. Pegging to a moving target seems like a great way to create manipulation opportunities.

(None of this gets to the fact that Tether and USDT is also a scam.)

ETFs also have heavy auditing and asset regulation, which is something I can't see blockchain companies going for (since that would also probably mean working within a regulatory framework that includes KYC).

Politics_And_Law

SEC readies plan for trading crypto versions of stocks

The problem with pegging (aside from phrasing) is that USDT is pegged to a specific amount at all times. Pegging to a moving target seems like a great way to create manipulation opportunities.

(None of this gets to the fact that Tether and USDT is also a scam.)

ETFs also have heavy auditing and asset regulation, which is something I can't see blockchain companies going for (since that would also probably mean working within a regulatory framework that includes KYC).