I think so. As pointed out by magneto, stablecoins are a different banana. They are unlike other cryptocurrencies such as Bitcoin. Therefore, they should be dealt with differently. Companies should not be allowed to just create digital versions of fiat currencies out of thin air.

Stablecoins are supposed to be nothing but digital representations of the fiat currency on which their value is pegged. There should, therefore, be a strict regulation to make sure the assets of these tokens are truly present and kept intact and in the amount equivalent to the tokens they issued.