Name a Major Centralized Stablecoin and Its Governing Body.
Tether (USDT) is a major centralized stablecoin, and its governing body is the company Tether Limited. USD Coin (USDC) is another major one, governed by the CENTRE Consortium, founded by Circle and Coinbase.
These entities manage the fiat collateral and are the sole authorities for minting and burning the stablecoins.