Stablecoins and tokenized money market funds are both backed by the same underlying assets, primarily U.S. Treasury bills, yet they sit under entirely different regulatory regimes: one can be transferred freely but cannot pay yield, while the other pays yield but cannot be transferred freely.This asymmetry is the product of legacy classification systems that predate blockchain technology, and history suggests it may not last.Ride-sharing and home-sharing platforms once operated in direct conflict with exist ...